Shares of iRobot (IRBT), maker of the Roomba vacuum, jumped Friday morning on a Reuters report indicating European Union regulators are likely to approve Amazon’s (AMZN) $1.4 billion acquisition bid. Sources told Reuters the deal will meet competition requirements following an in-depth antitrust investigation, however the Federal Trade Commission (FTC) still needs to sign off before the deal can proceed.
Yahoo Finance’s Tech Editor Dan Howley breaks down the details, providing insights into how Amazon could look to leverage iRobot’s data to improve the intelligence of Alexa devices if the deal closes.
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Thank you. Great job…
Fun Fact: Amazon has more PhD economist employees than any company in the world, 2nd only to the US Federal Reserve.
These experts play a crucial role in steering Amazon toward becoming the diversified company that it is today, with involvement across various sectors of the US economy. Everybody needs to know that Amazon is renowned for being the most customer-centric company ever and they have the revenue to show for it.