Amazon, iRobot abandon merger in face of EU opposition
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There’s a final deadline of February 14 for the EU to clear the deal unconditionally or veto it.
The European Commission warned Amazon to pledge to fairly rank iRobot’s market rivals if it seeks approval for the $1.4 billion acquisition.
Amazon’s $1.4bn deal for Roomba maker iRobot risks being derailed unless the firms fix a list of competition concerns raised by the EU's antitrust arm.
IRobot is definitely trending now though. The catalyst is a buyout proposal announcement from an e-commerce giant that you surely know well.