[BeetleB]

"The FTC didn’t bring a challenge, but nevertheless, in 2024, Amazon and iRobot called off the deal."

How did they shut it down?

[xnx]

"On Monday, the FTC requested more information from both companies about the $1.7 billion deal, according to an investor filing from iRobot, in what’s known as a “second request” and an indicator of deeper scrutiny by antitrust officials."

https://www.cnn.com/2022/09/20/tech/roomba-amazon-ftc-invest...

[amanaplanacanal]

IRobot says it was the EU which killed the deal: https://media.irobot.com/2024-01-29-Amazon-and-iRobot-agree-...

[orwin]

The article claims EU didn't challenge the deal, only requested information about the market and possible unfair practices.

https://ec.europa.eu/commission/presscorner/detail/en/ip_23_...

[justinclift]

The article subheading:

> Amazon's proposed acquisition of iRobot has no path to regulatory approval in the European Union ...

[bluGill]

Preparing all the requested information can be expensive. It is likely enough to kill many deals.

[OvidNaso]

So then back to the original aricles implied take about the incompetence of these wall street investors. What kind of billion dollar deal doesn't have info on the deal?

[bluGill]

i don't know what information is ask for, or what format is needed but I would assume it all needs to be rewritten - likely censoring information not asked for they want to not share.

[shkkmo]

A routine request for information is not shutting down a merger and presenting it as such is not good faith communication.

[acdha]

In other words, they didn’t shut it down.

[bpodgursky]

There are later press communications where Khan's FTC took credit for it. There was a strong implication they let the EU do the lifting but would have filed suit if they hadn't.

[graeme]

Indeed. Statement here: https://www.ftc.gov/news-events/news/press-releases/2024/01/...

[tzs]

So, that is common and doesn't mean they are going to shut down a deal. E.g., also in 2022 they made a "second request" for the Broadcom acquisition of VMWare and that one went through.