Why was a Chinese company able to buy iRobot, the maker of Roomba? Western antitrust concerns

I was not aware until now that the FTC together with the EU blocked the acquisition of iRobot by Amazon. Was that not foolish!

According to Google: "No, Amazon does not own iRobot; their $1.7 billion acquisition agreement, announced in August 2022, was terminated in January 2024 due to significant regulatory hurdles and antitrust concerns from regulators like the FTC, Federal Trade Commission and the European Commission. Amazon paid iRobot a $94 million termination fee, and iRobot continues as an independent company, though facing recent financial difficulties and potential acquisition by a Chinese firm after the Amazon deal collapsed."

"... The company, which holds 42 percent of the U.S. robotic vacuum market, saw a planned 1.7 billion dollar Amazon acquisition blocked by EU regulators last year."

Credits: Data Points newsletter