Amazon scraps plans to acquire Roomba-maker iRobot

Is Roomba in trouble? On Monday, Amazon announced it would be scrapping its plans to acquire iRobot, the consumer home electronics company best known for its line of robotic vacuum cleaners. The e-commerce giant’s decision to back out of its previously announced $1.7 billion acquisition is due to pushback from regulators in the European Union. … Read more

Amazon terminates iRobot deal, Roomba maker to lay off 31% of staff

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

Best robot vacuum deal: The iRobot Roomba Combo i5+ is down to $349.99 at Best Buy

SAVE 36%: The iRobot Roomba Combo i5+ is just $349.99 at Best Buy, down from the normal price of $549.99. That’s a savings of $200, and Best Buy is also throwing in a $50 Best Buy gift card with purchase. Shopping for a robot vacuum has become fairly complex. The features and functionality of robot … Read more

Amazon’s iRobot deal could be blocked by European Union

It’s been 17 months since Amazon agreed to buy iRobot for $1.7 billion. The subsequent year and a half has unfolded at a glacial pace, as the deal has inched forward. Analysts anticipated that the retail giant’s purchase of the home robot pioneer would face a good bit of regulatory scrutiny, though few expected the … Read more

iRobot stock up 39% on report Amazon deal set to get EU approval

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

iRobot launches two new robotic vacuum mops

iRobot is beefing up its robotic mop choices by launching two new combo fashions: the Roomba Combo j5 Plus ($799) and the Roomba Combo i5 Plus ($549). These are mixture cleansing bots that may mop and sweep concurrently and include a charging dock that additionally robotically empties their dustbins. When the corporate’s first robotic mop … Read more

iRobot shares surge after UK regulator clears Amazon acquisition

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