Amazon said on Monday it would not move forward with a planned acquisition of vacuum-maker iRobot, with the two companies saying in a release there was “no path to regulatory approval for the deal.” The Roomba maker also announced it would lay off 31% of its employees, around 350 people, and that its chair and … Read more
iRobot’s Roomba. Source: iRobot Shares of iRobot, the maker of Roomba vacuums, closed up about 39% Friday after a report said the European Union is set to approve Amazon’s $1.7 billion acquisition of the company. Reuters said Thursday morning the deal is set to “win unconditional EU antitrust approval,” citing three sources familiar with the … Read more
A vacuuming Roomba mannequin robotic is displayed at iRobot headquarters in Bedford, Massachusetts Scott Eells | Bloomberg | Getty Photos Amazon’s deliberate $1.7 billion acquisition of iRobot, the maker of Roomba vacuums, has been greenlit by Britain’s competitors watchdog. The Competitors and Markets Authority stated it decided the deal wouldn’t lead to “a considerable lessening … Read more