Several members of the U.S. Congress issued a letter to the Federal Trade Commission (FTC) over the announced acquisition of iRobot Corporation by Amazon.com Inc.
Here’s why the lawmakers have concerns over the purchase.
What Happened
A letter recommending the FTC reject the planned acquisition of iRobot by Amazon.com was signed by some members of Congress.
“I have serious concerns about the Amazon-iRobot deal—dominant companies like Amazon shouldn’t be allowed to just buy their way out of competing,” Sen. Elizabeth Warren (D-Mass.) told Axios. “The FTC should oppose this proposed merger to protect competition, lower consumer prices, and rein in Amazon’s well-documented anticompetitive activities.”…