Amazon's $1.4B Roomba bid fails, leading to iRobot layoffs and CEO resignation
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Source: biztoc.com
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Amazon and Roomba maker call off acquisition deal, iRobot lays off staff instead
Amazon and iRobot, the maker of the popular Roomba vacuum, have mutually called off an acquisition deal initially valued at about $1.7 billion, citing numerous regulatory hurdles.
Source: cnn.com
Amazon, iRobot abandon merger in face of EU opposition
WASHINGTON (Reuters) -Amazon and robot vacuum maker iRobot said Monday they would end their plans to merge in the face of opposition from EU and U.S. antitrust regulators. iRobot announced a significant restructuring plan to reduce costs and said it would cut about 31% of its workforce, or 350 jobs. The company also said founder Colin Angle has stepped down as its CEO of the Roomba robot vacuum manufacturer.
Source: aol.com
Amazon Jettisons Plans for $1.7 Billion iRobot Purchase
Citing a tough regulatory environment, Amazon has called off its $1.7 billion purchase of iRobot. The tech giant announced Monday (Jan. 29) that its
Source: pymnts.com
iRobot Announces Operational Restructuring Plan to Position Company for the Future
Today, iRobot Corporation , a leader in consumer robots, announced that it will implement an operational restructuring plan designed to position the Company for stabilization in the current environment, while focusing on profitability and advancing...
Source: lelezard.com