The FTC is investigating Amazon’s deal to buy One Medical | Engadget

Amazon’s buyout of and may take longer than expected. According to and , the Federal Trade Commission is reviewing both acquisitions. Announced within a month of each other, the deals are valued at $1.7 billion and $3.9 billion, respectively, and have the potential to reshape two markets at the same time.

One Medical parent company 1Life Healthcare disclosed the FTC was investigating its proposed merger with Amazon on Friday, reports The Journal. That same day, Politico said the Commission had also begun a review of Amazon’s deal to buy iRobot. According to the outlet, a formal probe is likely given the detailed questions the FTC sent to the two companies. Amazon and iRobot are reportedly preparing for a “potentially lengthy [and] arduous investigation.” One source Politico spoke to told the outlet the review is “wide-ranging” and seeks to determine if the deal would give Amazon an unfair advantage in the connected devices and retail markets.

At the very least, the FTC could easily delay Amazon from finalizing the deals by up to a year. For Amazon, a worst-case scenario would involve lawsuits from the Commission. At the start of the year, NVIDIA abandoned its proposed after the FTC sued to block the purchase over concerns it would stifle competition across a variety of markets. Whatever comes next, Amazon won’t have an easy road ahead. FTC Chair is a well-known company critic. She rose to prominence in legal circles on the back of an article titled “.”

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.

For all the latest Technology News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! TheDailyCheck is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected] The content will be deleted within 24 hours.