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After Amazon walked away Monday from a $1.4 billion deal to acquire iRobot, the company that makes Roomba self-operating vacuum cleaners, iRobot immediately announced that it would lay off 31 percent of its staff and that its founding chief executive, Colin Angle, would depart. Amazon’s decision to bail was its response to antitrust objections raised by the European Union and by President Joe Biden’s Federal Trade Commission, which reportedly told the online retail giant last week that it was pr

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San Francisco, Jan 30 (IANS) iRobot, which makes consumer robots, has announced to lay off around 350 employees -- about 31 per cent of its workforce -- and

(CNN) — Amazon and iRobot, the maker of the popular Roomba vacuum, mutually called off their estimated $1.7 billion acquisition deal Monday, citing numerous regulatory hurdles.Immediately<a class="excerpt-read-more" href="https://whdh.com/news/amazon-and-irobot-nix-deal-roomba-maker-lays-off-a-third-of-its-staff/">Read More</a>

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.