Amazon and iRobot Call Off $1.4 Billion Merger Amid Regulatory Roadblocks
Amazon and iRobot have decided to abandon their ambitious $1.4 billion merger plans, citing opposition from European Union (EU) antitrust regulators.
Source: techstory.in
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Amazon terminates takeover of iRobot over EU regulatory...
The two companies have agreed to terminate the proposed acquisition.
Source: dailymail.co.uk
Amazon scraps $1.7 billion deal to buy Roomba maker iRobot after EU antitrust resistance
The ecommerce giant blamed “undue and disproportionate regulatory hurdles” as it backed out of the deal.
Source: fortune.com
iRobot to lay off 31 percent of staff after Amazon deal collapses
After long deliberation, Amazon has decided to call off its $1.7 billion USD (roughly $2.2 billion CAD at the time) acquisition of iRobot. The e-commerce giant's deal had a February 14th, 2024 deadline, before which it had to get a thumbs-up from European Union regulators.
Source: mobilesyrup.com
Amazon abandons iRobot buyout after EU objections – DW – 01/29/2024
Retail giant Amazon says it is scrapping its plans to buy the iRobot vaccum maker after the EU's antitrust authority raised competition concerns.
Source: dw.com