EU re-examines Amazon's $1.7 billion acquisition of iRobot, deadline is February 14 next year

According to news from this site on October 30, Amazon gradually showed a strong interest in the sweeping robot company iRobot last year, and at the beginning of this year proposed to spend approximately 1.7 billion US dollars (this site’s note: currently approximately 12.461 billion yuan) to acquire iRobot. The company's acquisition decision is currently under investigation by the European Commission.

Today, the European Commission’s case page was updated to show that the EU has restarted its review of Amazon’s acquisition of iRobot and set February 14 as the final deadline.

According to a survey by market research company Statista, iRobot, a sweeping robot company, has been far ahead of other competitors in the past. As of 2020, its global The market share reached 46%, while Ecovacs Robots only had 17%. However, iRobot’s current operating conditions are not optimistic. Last year, the company's revenue was US$1.183 billion (approximately RMB 8.542 billion), a 24.4% decrease from 2021. In comparison, Ecovacs Robot's revenue last year reached 15.3 billion yuan, a year-on-year increase of 17%

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