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Amazon and iRobot have harsh words on merger cancelled over EU regulations | Fortune

Retrieved on: 2024-01-29 21:15:11

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Amazon and iRobot have harsh words on merger cancelled over EU regulations | Fortune. View article details on HISWAI: https://fortune.com/2024/01/29/amazon-irobot-disappointed-eu-antitrust-u-s-tech-companies/

Summary

The article discusses Amazon and iRobot abandoning their $1.7 billion merger due to European Union regulatory hurdles, emphasizing the EU's stringent approach to Big Tech under Margrethe Vestager's leadership, with laws like the Digital Markets Act and Digital Services Act driving stricter competition and market practices.

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