Roomba Won't Give Amazon a Map of Your Home After Merger Implodes
Amazon is killing its acquisition of iRobot over regulatory concerns, but it might be a major win for your home's privacy.
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Amazon is killing its acquisition of iRobot over regulatory concerns, but it might be a major win for your home's privacy.
Amazon and Roomba robot vacuum maker iRobot are terminating their $1.7 billion acquisition agreement due to EU regulatory hurdles.
Amazon said it no longer plans to acquire iRobot amid regulatory hurdles, sending shares of the Roomba maker tumbling.
Amazon will pay the maker of the circular-shaped Roomba vacuum a previously agreed termination fee of $94 million, iRobot said in a separate announcement, which also disclosed that it would lay off about 31% of its staff and see its CEO depart.
IRobot walks away with $94 million and a lot of questions about the future.