Tag AMZN

Amazon has criticised the EU after opposition from regulators forced it to call off a $1.4bn (£1.1bn) takeover of iRobot, the company behind Roomba robotic vacuum cleaners...

Amazon and iRobot, the maker of the popular Roomba vacuum, have mutually called off an acquisition deal initially valued at about $1.7 billion, citing numerous regulatory hurdles...

The [announcement Monday morning](https://www.wsj.com/business/retail/amazon-irobot-scrap-acquisition-deal-7072122f?mod=hp_lead_pos4) that Amazon and iRobot have called off their merger may be the least surprising news of the day. The deal has [looked iffy for a year now](https://www.wsj.com/articles/amazons-roomba-deal-keeps-getting-messier-73f09651) as regulators have signaled growing concerns about its effect on competition, and it [wasn’t considered a slam dunk](https://www.wsj.com/articles/amazons-roomba-deal-has-shades-of-fitbit-11659725501?mod=article_inline) even before that. The original deal announced in August 2022, and iRobot’s shares ended that year 21% below Amazon’s offer price of $61 per share...

(Bloomberg) -- 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 block the deal. Most Read from BloombergTraders Line Up for ‘Once-in-a-Generation’ Emerging Markets BetBlackstone Is Building a $25 Billion Empire of Power-Hungry Data CentersTrump Cash Stockpile at Risk From $450 Million Dual VerdictsEvergrande Set for Liquidation as China Property Crisis Drags OnAmazon Drops iRobot De...

The Federal Trade Commission was poised to reject Amazon.com's $1.4 billion acquisition of robot vacuum maker iRobot before the companies announced early Monday they were abandoning the deal in the face of EU antitrust opposition, a source said. The FTC staff had met with Amazon last week to inform them they planned to recommend the commission vote to sue to block the acquisition, the source added, saying the commission was set to hold a final meeting on Monday with Amazon before the commission could have voted to approve a legal challenge to the merger...

Shares of Amazon.com Inc. rose 1.34% to $161.26 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index.....