e-commerce behemoth Amazon.com, Inc. (AMZN) has not offered concessions to the European Commission in its bid to garner approval for its proposed $1.7 billion takeover of Roomba robot vacuum cleaner maker iRobot Corp. (IRBT), according media reports on Thursday.
Amazon had until the end of Wednesday to offer resolution to the European Commission's objections on the deal. According to the Commission, Amazon may restrict competition in the European Economic Area or EEA-wide and/or national markets for robot vacuum cleaners or RVCs, by hampering rival RVC suppliers' ability to effectively compete.
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