Category: European Union

Jan. 29, 2024 - Amazon announced it would not proceed with its planned acquisition of vacuum-maker iRobot, citing "no path to regulatory approval for the deal" in a joint release with iRobot. (Photo: Justin Sullivan | Getty Images)
Estimated read time 2 min read
European Union Technology U.S.

Amazon and iRobot terminate acquisition deal due to regulatory uncertainty in the Europe

  • Post Date 01/29/2024

In a joint announcement on Monday, Amazon and iRobot revealed that they have decided to terminate their planned acquisition agreement. The decision comes as a [more…]

The European Union's competition watchdog is aiming to thwart Amazon's proposed $1.7 billion purchase of iRobot, the company behind the Roomba vacuum cleaner. (Photo: iRobot)
Estimated read time 2 min read
European Union Technology U.S.

iRobot faces setback as EU antitrust watchdog intends to block Amazon’s acquisition

  • Post Date 01/19/2024

Shares of iRobot took a nosedive, dropping over 33% in extended trading on Thursday, following reports that the European Union’s antitrust watchdog is gearing up [more…]