Amazon to defend iRobot buy at Dec 18 EU hearing, source says

FILE PHOTO: The logo of Amazon is seen at the company's logistics centre in Boves

By Foo Yun Chee

BRUSSELS (Reuters) – Amazon will defend its $1.4 billion purchase of robot vacuum maker iRobot at a closed EU hearing on Dec. 18, a person with direct knowledge of the matter said, three weeks after EU antitrust regulators said the deal may squeeze out rival robot cleaners on its online marketplace.

Companies usually take the opportunity to plead their case before senior officials from the European Commission and national regulators as well as lawyers.

The EU competition enforcer last month sent Amazon a charge sheet laying out its concerns about the deal, after its lawyers revised their initial position against sending a document because they did not see any anti-competitive harm in the deal.

Amazon declined to comment and reiterated comments issued after it got the EU charge sheet, namely that it can offer a company like iRobot the resources to accelerate innovation and invest in critical features while lowering prices for consumers.

The company may have to offer remedies to address competition concerns.

Ad: Save every day with Amazon Deals: Check out today's daily deals on Amazon.

(Reporting by Foo Yun Chee; editing by Jason Neely)

Related posts

What’s the weather forecast for New Jersey This Weekend?

Juvenile charged in Evesham vehicle burglary spree after multi-agency search

Fatal crash under investigation after two-car collision in West View