iRobot shares surge after UK regulator clears Amazon acquisition

The Competition and Markets Authoritythe deal would not result in "a substantial lessening of competition" in the U.K. The CMA opened its probe into the proposed purchase in April.

iRobot's stock climbed more than 19% in premarket trading on news of the CMA's approval. Amazon shares were flat. An Amazon spokesperson told CNBC in a statement: "We're pleased with the UK Competition and Markets Authority's decision and are committed to supporting regulatory bodies in their work. We look forward to similar decisions from other regulators soon."

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Google must break up digital ad business over competition concerns, European regulators sayEU antitrust regulators have taken aim at Google’s lucrative digital advertising business in an unprecedented decision, saying that the tech giant must sell off some of its ad business to address competition concerns.
Source: NBCNews - 🏆 10. / 86 Read more »

EU wants Google ad business broken up over competition issuesAntitrust regulators at the European Union (EU) say Google must sell a portion of its digital advertising business to ease competition concerns.
Source: FoxBusiness - 🏆 458. / 53 Read more »