iRobot cooperates with FTC review of Amazon deal


Amazon’s proposed acquisition of iRobot has caught the attention of the US Federal Trade Commission (FTC), which has reportedly asked the two companies for more information about the deal.

iRobot said on a Tuesday (September 20) deposit with the Securities and Exchange Commission (SEC) that the FTC had requested more details on Monday (September 19).

About 20 organizations have urged regulators to end the deal, saying they are concerned about privacy and Amazon building strength in the smart home device market, Reuters reported on Tuesday.

Read more: FTC begins review of $1.7 billion Amazon-iRobot deal

In his SEC filing, iRobot said so and Amazon has filed notice and report forms under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) with the FTC and the Antitrust Division of the United States Department of Justice on August 19. The companies received a request for additional information and documents — a step in the regulatory review process called a “second request” — from the FTC on Monday.

“Both parties expect to respond promptly to the second request and to continue to work cooperatively with the FTC in its review of the merger,” iRobot said in the filing. “Completion of the merger remains subject to the expiration or termination of the HSR statutory waiting period and the satisfaction or waiver of other closing conditions specified in the merger agreement.”

A spokesperson for iRobot said the company had no comment beyond information in its filing with the SEC.

An Amazon spokesperson declined to comment on the report.

PYMNTS has contacted the FTC for comment.

Amazon announced its intention to acquire iRobot on August 5, noting that the completion of the transaction is subject to customary closing conditions.

Read more: Amazon to Acquire iRobot, Maker of Roomba Robot Vacuum

He said he was aiming to buy robot vacuum maker Roomba in a cash deal worth $1.7 billion.

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