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Amazon has nixed plans to buy Roomba maker iRobot after the companies mutually determined the pending acquisition has “no path to regulatory approval in the European Union,” according to an announcement Monday.
Amazon on Monday called off its proposed acquisition of Massachusetts-based iRobot, which was facing antitrust scrutiny.
The company was facing scrutiny in the U.S. and Europe.
Amazon said it is calling off its acquisition of Roomba maker iRobot, citing antitrust scrutiny in the U.S. and Europe.
(Bloomberg) -- Amazon.com Inc. has abandoned its planned $1.4 billion acquisition of Roomba maker iRobot Corp. after clashing with European Union regulators who had threatened to block the deal. Most Read from BloombergTraders Line Up for ‘Once-in-a-Generation’ Emerging Markets BetBlackstone Is Building a $25 Billion Empire of Power-Hungry Data CentersTrump Cash Stockpile at Risk From $450 Million Dual VerdictsAmazon Drops iRobot Deal; Roomba Maker Cuts 31% of StaffEvergrande Set for Liquidation