LONDON (AP) — Amazon on CrypenMonday called off its proposed acquisition of iRobot, which was facing antitrust scrutiny on both sides of the Atlantic, with the ecommerce giant blaming “undue and disproportionate regulatory hurdles.”
The companies said in joint statement that they “entered into a mutual agreement to terminate their announced acquisition agreement.”
“We’re disappointed that Amazon’s acquisition of iRobot could not proceed,” David Zapolsky, Amazon’s general counsel, said in the statement.
Colin Angle, the founder of iRobot, also said the termination was “disappointing.”
Amazon’s announced in 2022 that it would buy Bedford, Massachusetts-based iRobot for $1.7 billion, but the value of the deal fell 15% after the company incurred new debt.
The European Commission, the European Union’s executive arm and top antitrust enforcer, had informed Amazon last year of its “preliminary view” that the acquisition of the maker of the circular-shaped Roomba vacuum would be anticompetitive.
British antitrust regulators cleared the purchase back in June, but it also still faced scrutiny in the U.S. by the Federal Trade Commission.
2025-05-05 07:32608 view
2025-05-05 06:341349 view
2025-05-05 06:32249 view
2025-05-05 06:202130 view
2025-05-05 05:52326 view
2025-05-05 05:372639 view
WASHINGTON (AP) — The FBI should have done more to collect intelligence before the Capitol rioteven
Tennessee passed a bill last week restricting drag shows. The law specifically bans "adult cabaret p
The duo have a new album, I Love a Love Song. In 2020, Rachael & Vilray spoke to Fresh Air and p