Amazon Scraps Deal to Buy Roomba Maker iRobot Amid Scrutiny
Amazon walked away from the $1.7 billion acquisition of iRobot as it faces questions from regulators in the European Union and United States.
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Amazon walked away from the $1.7 billion acquisition of iRobot as it faces questions from regulators in the European Union and United States.
The companies said in joint statement that they “entered into a mutual agreement to terminate their announced acquisition agreement.”
Amazon's general counsel and SVP blamed regulators for the deal's failure. He branded competition rules as 'undue and disproportionate'.
San Francisco, Jan 29 (IANS) Amazon on Monday announced it has terminated its $1.7 billion acquisition of iRobot, the maker of consumer robotic vacuums, on
Amazon (AMZN) and iRobot (IRBT) have entered into a mutual agreement to terminate previously announced acquisition agreement, under which Amazon would have acquired iRobot.