2024-01-29
“We're disappointed that Amazon's acquisition of iRobot could not proceed. We're believers in the future of consumer robotics in the home and have always been fans of iRobot's products, which delight consumers and solve problems in ways that improve their lives.”
Bloomberg
Amazon ends its $1.4B acquisition of Roomba maker iRobot after clashing with EU regulators and will pay a $94M fee; iRobot has $500M in net losses since 2021
- IRobot CEO steps down and company cuts workforce by 31% — Tech giant to pay $94 million to iRobot over deal termination
2023-06-16
Amazon $AMZN on iRobot $IRBT. “We're pleased with the UK Competition and Markets Authority's decision and are committed to supporting regulatory bodies in their work. We look forward to similar decisions from other regulators soon.”
Bloomberg
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...