iRobot shares surge after UK regulator clears Amazon acquisition

Amazon's planned $1.7 cardinal acquisition of iRobot, the shaper of Roomba vacuums, has been greenlit by Britain's contention watchdog.

The Competition and Markets Authority said it determined the woody would not effect successful "a important lessening of competition" successful the U.K. The CMA opened its probe into the projected acquisition successful April.

iRobot's banal climbed much than 19% successful premarket trading connected quality of the CMA's approval. Amazon shares were flat.

An Amazon spokesperson told CNBC successful a statement: "We're pleased with the UK Competition and Markets Authority's decision and are committed to supporting regulatory bodies successful their work. We look guardant to akin decisions from different regulators soon."

Amazon announced past twelvemonth it would get iRobot for $1.7 billion, arsenic portion of a determination to deepen its beingness successful the astute home. But the woody is inactive under reappraisal by the U.S. Federal Trade Commission, arsenic good arsenic European Union antitrust regulators, who opened a probe earlier this month.

The CMA said it recovered successful its reappraisal that iRobot's marketplace presumption successful the U.K. is humble and that it faces important contention from respective rivals. It besides determined the woody would not bounds rival astute location platforms' quality to vie and that determination was nary wide inducement for Amazon to favour iRobot's products connected its online store.

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