Amazon-iRobot deal scrapped after EU challenge - BBC

Amazon-iRobot Deal Scrapped After EU Challenge - BBC News

1 week from now

Jan 29, 2024  · Shares in iRobot tumbled more than 15% on the news. They are down by more than 50% so far this year. Amazon takeover of iRobot to be blocked by EU. Amazon's pursuit …

bbc.co.uk

Amazon Takeover Of IRobot Faces UK Watchdog Review - BBC

1 week from now

Apr 6, 2023  · Both Amazon and iRobot have both said they are "working co-operatively" with regulators. Amazon announced it was buying iRobot last year in a $1.7bn (£1.4bn) takeover …

bbc.com

Roomba Maker IRobot Shares Plunge On Report Amazon Deal Faces …

1 week from now

Jan 19, 2024  · AMZN. IRBT. (Reuters) — IRobot shares slumped 36% in premarket trading on Friday after a report the European Union antitrust regulator was planning to block …

yahoo.com

Amazon Has Not Offered Remedies To EU Concerns Over IRobot Deal

1 week from now

Follow. BRUSSELS, Jan 11 (Reuters) - Amazon (AMZN.O) has not offered remedies to address concerns of EU antitrust regulators over its $1.4 billion acquisition of robot vacuum maker …

reuters.com

Amazon, Roomba-parent IRobot Abandon $1.4 Billion Merger Deal

1 week from now

WASHINGTON, Jan 29 (Reuters) - Amazon , opens new tab and robot vacuum maker iRobot , opens new tab said Monday they would end their plans to merge in the face of opposition from EU and U.S ...

reuters.com

Amazon’s Purchase Of IRobot Could Restrict Competition, EU …

1 week from now

Nov 27, 2023  · Amazon’s planned $1.45bn acquisition of iRobot has drawn a formal objection from the EU’s antitrust regulator, which said the deal could allow the tech giant to use its …

ft.com

Amazon Scraps $1.7 Billion Deal To Buy Roomba Maker IRobot …

1 week from now

Jan 29, 2024  · Now that the deal has been called off, iRobot said it would undergo a restructuring plan designed to stabilize the company. As part of those changes, the company will lay off …

fortune.com

Amazon Abandons $1.4 Billion Deal To Buy Roomba Maker IRobot

1 week from now

Jan 29, 2024  · Amazon’s $1.4 billion deal to buy iRobot is off, iRobot CEO Colin Angle is stepping down, and the Roomba maker will lay off 350 people, or about 31 percent of its workforce. ... EU tech policy ...

theverge.com

Amazon’s IRobot Deal Could Be Blocked By European Union

1 week from now

Jan 19, 2024  · 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 …

techcrunch.com

Amazon’s $1.7B IRobot Purchase Faces UK Antitrust Scrutiny

1 week from now

Apr 6, 2023  · British antitrust regulators have started investigating Amazon’s purchase of robot vacuum maker iRobot, adding further scrutiny to the $1.7 billion deal. The Competition and …

apnews.com

Amazon's IRobot Deal Faces EU Antitrust Veto, Sources Say

1 week from now

BRUSSELS, Jan 19 (Reuters) - Amazon's (AMZN.O) $1.4 billion acquisition of robot vacuum maker iRobot (IRBT.O) will be blocked by EU antitrust regulators, three people familiar with …

reuters.com

Amazon Probed By EU Over Whether It's Killing Competition In …

1 week from now

Nov 28, 2023  · In July, Amazon cut its offer by 15% to $51.75 a share to account for fresh financing taken out by iRobot as the merger review drags on. The EU opened an in-depth …

fortune.com

Amazon Calls Off Its Acquisition Of IRobot Amid Antitrust …

1 week from now

Jan 29, 2024  · Amazon will scrap its planned $1.7 billion acquisition of Roomba-maker iRobot after the European Commission said the deal would restrict competition in robot vacuums. The companies said they ...

washingtonpost.com