- UK antitrust agency approves Amazon's $1.7 billion iRobot deal.
- IRobot shares rise by 20% at market open, while Amazon falls by 1%.
- Deal still faces review by the Federal Trade Commission in the US and the European Commission.
- Competition and privacy worries raised by tech advocacy groups over the acquisition.
- CMA finds deal will not lead to competition concerns in the UK market.
Amazon’s $1.7 Billion iRobot Deal Cleared by the UK
Amazon.com Inc.’s proposed $1.7 billion deal to buy robot vacuum firm iRobot Corp. was given the all-clear by the UK’s antitrust agency, sending shares in the Bedford, Massachusetts firm soaring.
Katharine Gemmell
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