The FTC is investigating Amazon’s deal to buy One Medical
, 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, reportssaid 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.
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
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