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Amazon’s $1.4 billion deal to buy iRobot is off, iRobot CEO Colin Angle is stepping down, and the Roomba maker will lay off 350 people, or about 31 percent of its workforce.
Amazon has called off its purchase of iRobot, blaming "undue and disproportionate regulatory hurdles" after the European Union signaled its objection to the deal.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
IRobot walks away with $94 million and a lot of questions about the future.
A deal that was originally announced in 2022 has fallen apart.