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Comment by orwin | Hacker News Reader

The article claims EU didn't challenge the deal, only requested information about the market and possible unfair practices.

https://ec.europa.eu/commission/presscorner/detail/en/ip_23_...

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The article subheading:

> Amazon's proposed acquisition of iRobot has no path to regulatory approval in the European Union ...

Preparing all the requested information can be expensive. It is likely enough to kill many deals.

So then back to the original aricles implied take about the incompetence of these wall street investors. What kind of billion dollar deal doesn't have info on the deal?

i don't know what information is ask for, or what format is needed but I would assume it all needs to be rewritten - likely censoring information not asked for they want to not share.

Last time France allowed a huge merger/acquisition without asking to read the books, it was Alstom/GE, and GE books were so cooked it isn't even funny. Lot of people lost their jobs, a lot of the tech edge got lost, and now China is close to be a market leader.

So personally I think that finance guys should move their head from their asses and allow for inquiries, because their lies and deceit are damaging the society they live in. Maybe we should hold board members and C-suite all responsible when books are cooked, and maybe, when they're proven trustworthy, the red tape might decrease.

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