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Amazon has abandoned plans to acquire consumer robotics company iRobot amid reports that the European Commission was set to block the acquisition over competition concerns.
Amazon, if you recall, agreed to purchase iRobot in the summer of 2022. At the time, it would have been the company's fourth largest acquisition. The deal...
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Amazon called off its purchase of robot vacuum maker iRobot on Monday, blaming “undue and disproportionate regulatory hurdles” after the European Union...
Amazon will pay the maker of the circular-shaped Roomba vacuum a previously agreed termination fee of $94 million, iRobot said in a separate announcement, which also disclosed that it would lay off about 31% of its staff and see its CEO depart.
Amazon called off its purchase of robot vacuum maker iRobot on Monday, blaming “undue and disproportionate regulatory hurdles" after the European Union signaled its objection to the deal. The companies said in joint statement that they were disappointed but mutually agreed to terminate the acquisition. The deal faced antitrust scrut...