Hoping Lina Khan Doesn't Do to NYC What She Did to iRobot
8 Articles
8 Articles
Another Antitrust Horror Story
Lina Khan ran the Federal Trade Commission for Joe Biden. Now, she’s telling New York City Mayor-elect Zohran Mamdani how to set up his administration. One of the merger deals that trustbuster Khan blocked was a $1.7 billion acquisition by Amazon of Roomba maker iRobot. Now, Roomba has declared bankruptcy. Amazon cited “disproportionate regulatory hurdles” – meaning “we couldn’t get it past Khan” – as a reason to pull out of the deal. The day Am…
In 2022, Amazon announced its intention to acquire iRobot, manufacturer of Roomba robot vacuum cleaners, for about $1.5 billion. It was not the typical horizontal concentration operation, as Amazon did not compete in that market.The business logic aimed to integrate a pioneer in consumer robotics into its ecosystem of smart home devices.The operation did not materialize.After an investigation, the European Commission raised objections that point…
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