Amazon-iRobot deal scrapped after EU challenge - BBC News

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 …


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Amazon-iRobot Deal Scrapped After EU Challenge - BBC News

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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

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Amazon Has Not Offered Remedies To EU Concerns Over IRobot Deal

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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

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Amazon Scraps Deal To Buy Roomba Maker IRobot Amid Scrutiny

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Jan 29, 2024  · Amazon Scraps Deal to Buy Maker of Roomba Amid Regulatory Scrutiny. Amazon walked away from the $1.7 billion acquisition of iRobot as it faces questions from regulators in …

nytimes.com

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

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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

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Amazon Takeover Of IRobot To Be Blocked By EU - BBC

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Jan 19, 2024  · The online giant moved to buy iRobot, maker of the Roomba cleaner, in August 2022 in a takeover deal set to cost $1.7bn (£1.4bn). ... especially if Amazon were to give the …

bbc.com

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

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Jan 29, 2024  · In 2022, Amazon announced that it would buy the Bedford, Massachusetts-based company for $1.7 billion in cash. But the value of the deal fell 15% after iRobot incurred new …

fortune.com

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

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Jan 29, 2024  · Amazon said its proposed $1.4 billion acquisition of iRobot had no path to regulatory approval in the European Union. EU antitrust chief Margrethe Vestager said …

usnews.com

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Amazon Terminates $1.4 Billion IRobot Acquisition After EU Veto …

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Jan 29, 2024  · As outlined in the original agreement, Amazon is paying iRobot a $94 million termination fee now that the deal is dead. This isn't exactly the first time Amazon and the EU …

engadget.com

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Roomba Maker IRobot Shares Plunge On Report Amazon Deal Faces …

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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

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

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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

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Amazon Takeover Of IRobot To Be Blocked By EU - BBC News

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Jan 19, 2024  · Amazon declined to comment. The online giant moved to buy iRobot, maker of the Roomba cleaner, in August 2022 in a takeover deal set to cost $1.7bn (£1.4bn). It was looking …

bbc.co.uk

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EU Antitrust Regulator Intends To Block Amazon's IRobot …

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Jan 18, 2024  · The European Union's competition watchdog plans to block Amazon.com's $1.4 billion acquisition of robot vacuum maker iRobot , The Wall Street Journal said on Thursday, …

reuters.com

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Amazon Fails To Offer EU Remedies In $1.4 Billion IRobot Deal

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Jan 11, 2024  · Amazon.com Inc. ’s $1.4 billion deal to buy Roomba-maker iRobot Corp. has been cast into doubt after the firm opted not to offer concessions to the European Union. According …

bloomberg.com

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Amazon To Defend IRobot Buy At Dec 18 EU Hearing, Source Says

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Dec 12, 2023  · Amazon will defend its $1.4 billion purchase of robot vacuum maker iRobot at a closed EU hearing on Dec. 18, a person with direct knowledge of the matter said, three weeks …

reuters.com

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EU Commission Intends To Block Amazon’s IRobot Acquisition

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Jan 18, 2024  · The European Union’s competition watchdog intends to block Amazon ’s $1.7 billion bid to purchase Roomba maker iRobot IRBT 4.12%, people familiar with the matter …

wsj.com

FAQs about Amazon-iRobot deal scrapped after EU challenge - BBC News Coupon?

Why did Amazon drop $1.4 billion bid for iRobot?

Amazon drops $1.4 billion bid for iRobot amid disagreements with EU regulators threatening to block the deal in 2022. Amazon has abandoned its intended $1.4 billion (€1.3 billion) acquisition of iRobot, the maker of Roomba, following disagreements with European Union regulators who warned of blocking the deal. ...

Is Amazon resolving EU antitrust concerns over iRobot acquisition?

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 iRobot (IRBT.O), according to an update on the European Commission website. The U.S. e-commerce giant had until Wednesday to do so. ...

Will iRobot be blocked by EU antitrust regulators?

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 the matter said on Friday, as enforcers beef up scrutiny of Big Tech deals. ...

Will the European Union Block Amazon's iRobot acquisition?

Jan 18 (Reuters) - The European Union's competition watchdog plans to block Amazon.com's (AMZN.O) $1.4 billion acquisition of robot vacuum maker iRobot (IRBT.O), The Wall Street Journal said on Thursday, citing people familiar with the matter. Shares of the Roomba vacuum maker plunged nearly 40% to $14.3 in trading after the bell. ...

Why did Amazon abandon plans to buy iRobot?

IRobot is the maker of the self-driving Roomba vacuum, as well as robotic mops and air purifiers. Whitten Sabbatini for The New York Times Amazon said on Monday that it was abandoning plans to buy iRobot, the maker of the self-driving Roomba vacuum, after regulators raised concerns the deal would hurt competition. ...

Should Amazon block iRobot deal?

"Blocking this deal may well leave consumers with fewer options, and regulators cannot sweep that fact under the rug," Schruers told Reuters. Roomba models sell in the region of £1648 in the UK. The EU's competition watchdog has made a decision on Amazon's bid to purchase iRobot. ...

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