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  • Biden Regulators Say They’re ‘Pleased’ By Merger Block That Gutted US Company

    02/02/2024 6:10:20 AM PST · by Red Badger · 13 replies
    Daily Caller ^ | February 01, 2024 8:38 PM ET | JARED STOKES - CONTRIBUTOR
    Following a recent announcement that Amazon and iRobot have terminated their $1.4 billion merger agreement, the Federal Trade Commission (FTC) Associate Director for Merger Analysis Nathan Soderstrom released a statement expressing the Biden regulators’ pleasure at the dissolution. “We are pleased that Amazon and iRobot have abandoned their proposed transaction…The Commission’s investigation revealed significant concerns about the transaction’s potential competitive effects,” Soderstrom said in the statement. U.S. federal lawmakers, including Massachusetts Senator Elizabeth Warren, previously called on the FTC to block the merger in a joint letter. “iRobot is a powerful market incumbent, and Amazon, given its vast resources, history...