IRobot Stock Crashes on Likely EU Veto of Amazon Takeover

Jan 19, 2024 · Shares in iRobot sank Friday after The Wall Street Journal reported the European Commission plans to block Amazon.com's $1.7 billion purchase of the Roomba maker. The …

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IRobot Stock Crashes On Likely EU Veto Of Amazon Takeover

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Jan 19, 2024 · Shares in iRobot sank Friday after The Wall Street Journal reported the European Commission plans to block Amazon.com's $1.7 billion purchase of the Roomba maker. The …

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Roomba Maker IRobot's Shares Plunge On Report Amazon Deal …

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Jan 19, 2024 · IRobot shares slumped more than 30% in early trading on Friday after reports that the European Union antitrust regulator was planning to block Amazon.com's $1.4 billion …

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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 …

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Amazon Pulls The Plug On IRobot Amid Disappointing EU Connection

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Jan 29, 2024 · 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 …

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Amazon Terminates $1.4 Billion IRobot Acquisition After EU Veto …

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Jan 29, 2024 · While the companies didn't mention the pressure from the EU specifically, Bloomberg notes that a veto looked likely. And while that might not have immediately killed the …

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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 …

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Amazon’s $1.4 Billion IRobot Deal To Be Blocked By EU Antitrust …

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Jan 19, 2024 · (Bloomberg) -- Amazon.com Inc.’s proposed $1.4 billion acquisition of Roomba maker iRobot Corp. is expected to be blocked by the European Union’s antitrust regulator over …

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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, …

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Amazon Drops IRobot Deal; Roomba Maker Cuts 31% Of Staff (1)

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Jan 29, 2024 · Amazon.com Inc. has abandoned its planned $1.4 billion acquisition of Roomba maker iRobot Corp. after clashing with European Union regulators who had threatened to …

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Amazon And IRobot Have Harsh Words On Merger Canceled Over EU ...

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Jan 29, 2024 · On Monday, Amazon and iRobot, best known for making the Roomba, announced they were aborting their proposed $1.7 billion merger because there was “ no path to …

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Amazon Abandons $1.4 Billion Deal To Buy Roomba Maker IRobot

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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. ...

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

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Jan 19, 2024 · Amazon's $1.4 billion acquisition of robot vacuum maker iRobot will be blocked by EU antitrust regulators, three people familiar with the matter said on Friday, as enforcers beef …

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FAQs about IRobot Stock Crashes on Likely EU Veto of Amazon Takeover Coupon?

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. ...

What happened to iRobot shares?

(David Paul Morris/Bloomberg News) Shares in iRobot sank Friday after The Wall Street Journal reported the European Commission plans to block Amazon.com's $1.7 billion purchase of the Roomba maker. The shares were recently down nearly 30% to a bit below $17 apiece. In 2022, Amazon had agreed to pay $61 a share for the cleaning-robot company. ...

Will iRobot be blocked by EU competition watchdog?

Amazon's takeover of vacuum cleaner maker iRobot is set to be blocked by the European Union's competition watchdog, the BBC understands. It's a blow to the tech giant, which was previously given the all-clear for the purchase by the UK government's competition watchdog. ...

Did Amazon buy iRobot in 2022?

Amazon first agreed to buy the Roomba maker in 2022. (David Paul Morris/Bloomberg News) Shares in iRobot sank Friday after The Wall Street Journal reported the European Commission plans to block Amazon.com's $1.7 billion purchase of the Roomba maker. The shares were recently down nearly 30% to a bit below $17 apiece. ...

Will iRobot be blocked by EU antitrust regulators?

BRUSSELS (Reuters) - Amazon's $1.4 billion acquisition of robot vacuum maker iRobot 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. ...

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. ...