Statement Regarding the Termination of Amazon’s Proposed Acquisition of iRobot

Summary:

The Federal Trade Commission (FTC) is responsible for enforcing federal competition and consumer protection laws. The FTC's mission is to protect consumers and competition by preventing anticompetitive, deceptive, and unfair business practices. The agency provides legal resources and guidance to help businesses understand their responsibilities and comply with the law. The FTC also works to advance government policies that promote competition and protect consumers. The agency's efforts aim to ensure that competition remains robust and that consumers are well-informed about their rights.

In a recent statement, the FTC announced that it had terminated its investigation into Amazon's planned merger with iRobot, citing concerns about the potential competitive effects of the deal. The FTC's probe focused on Amazon's ability to favor its own products and disfavor rivals, as well as the potential impact on innovation, entry barriers, and consumer privacy.

The FTC's resources include a legal library, consumer advice sections, and business guidance, as well as options for reporting fraud, identity theft, and other bad business practices. The agency also provides information on consumer topics and encourages consumers to report scams and fraudulent activities online.