Amazon Calls Off Bid to Buy Robot Vacuum Cleaner iRobot
The company was facing scrutiny in the U.S. and Europe.
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The company was facing scrutiny in the U.S. and Europe.
IRobot said Monday that a planned deal to be acquired by Amazon would not go through — a development that caused the Roomba floor vacuum maker to announce it would now lay off 31% of its staff.
Amazon has called off its purchase of iRobot, blaming "undue and disproportionate regulatory hurdles" after the European Union signaled its objection to the deal.
The company was facing scrutiny in the U.S. and Europe.
(RTTNews) - Shares of iRobot Corporation (IRBT) are falling more than 10% Monday morning after the consumer robot company said its acquisition by ...