Amazon’s ambitious $1.4 billion acquisition bid for iRobot faced insurmountable challenges as EU antitrust regulators voiced concerns over potential market dominance issues. Reuters had previously reported that the European Commissi...
As stakeholders await further developments, the fate of Amazon’s iRobot acquisition remains uncertain, with the EU regulators closely monitoring the situation.
Amazon and iRobot mutually agreed to call off their planned acquisition, writing that there was "no path" to regulatory approval and sending iRobot shares down sharply. iRobot, which makes the Roomba, said it will lay off around 350 employees and that its founder and CEO Colin Angle...
However, even without an acquisition of iRobot, Amazon is still working to get a bird's eye view of every inch of your home. Between its own Astro robot and security drones, its Ring doorbells, and its smart speaker products, the company is already dangerously close to that goal...
However, a number of privacy advocates have expressed concern about Amazon’s acquisition of iRobot and the potential for the collection of additional consumer data. With each new acquisition or product offering, Amazon inches deeper into the evolving smart home and healthcare m...
Amazon will pay roughly 15% less to acquire iRobot after the robot vacuum maker incurred new debt.
Amazon and consumer robotics company iRobot have agreed to end the pending acquisition. The translation is provided by third-party software. The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure...
Amazon on Mondaysaidit is calling off its proposed acquisition of robot vacuum maker iRobot, with the e-commerce giant blaming antitrust scrutiny on both sides of the Atlantic leading to "undue and disproportionate regulatory hurdles." With the deal no longer happening, Bedford-Massachusetts-based ...
E-Commerce giant Amazon recently announced that it will be backing out of a previously-announced deal with Roomba maker iRobot, citing the lack of “regulatory approvals” from the European Union with regards to the planned acquisition. David Zapolsky, Amazon SVP and General Counsel comments: ...
Two weeks later, Amazon cancelled its $1.7 billion acquisition of iRobot in the face of increasing headwinds from EU and U.S. antitrust regulators, and a decline in the Roomba robot vacuum-maker’s value over the 18-month pursuit. Just a few years ago, these outcomes would have been ...