2025-03-12
Bloomberg
10 related
Roomba maker iRobot warns of “substantial doubt” over its ability to continue operating, after Amazon abandoned a $1B+ takeover in January 2024; IRBT drops 35%+
IRobot Corp., the consumer robotics company that Amazon.com Inc. once planned to buy for more than $1 billion …
2024-01-30
CNBC
34 related
After Amazon ended its acquisition, iRobot plans to lay off 31% of its staff, or ~350 people, and says chair and CEO Colin Angle would step down; IRBT drops 5%+
Rohan Goswami / CNBC :
2024-01-29
CNBC
10 related
After Amazon ended its acquisition, iRobot plans to lay off 31% of its staff, or ~350 people, and says chair and CEO Colin Angle will step down; IRBT drops 15%+
- 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 15%.
2024-01-19
Wall Street Journal
8 related
Sources: the European Union's competition watchdog intends to block Amazon's $1.7B bid to purchase iRobot; IRBT drops ~40% after hours
Wall Street Journal :
2023-11-28
Reuters
14 related
The European Commission says Amazon's $1.4B iRobot acquisition may restrict competition; Amazon plans to work to address its concerns; IRBT drops ~18%
On 6 July 2023, the Commission opened an in-depth investigation … Jay Peters / The Verge : Amazon's $1.7 billion deal to buy iRobot is running into some objections Elizabeth Montalbano / Computerworld...
2023-06-16
Bloomberg
10 related
The UK CMA clears Amazon's proposed $1.7B iRobot deal, saying acquiring the robot vacuum maker would have “no impact on competition in the UK”
So yeah, no competition impact indeed. Tweets: @cmagovuk : We have cleared Amazon's $1.7bn purchase of iRobot. Our full text decision on why we cleared the merger will be published in due course. Find...
Loading articles...