Amazon and iRobot said regulatory concerns made it impossible for the deal to move forward, sending the Roomba makers' shares plummeting.

Amazon terminates iRobot deal, Roomba maker to lay off 31% of staff::Amazon and iRobot said regulatory concerns made it impossible for the deal to move forward, sending the Roomba makers’ shares plummeting.

  • @ilmagicoEnglish
    6•11 months ago

    Technically, no, iRobot and Amazon “mutually agreed” to terminate the deal, most likely cause the EU probably wasn’t going to approve, but:

    1. The EU was set to deliberate in mid Feb, so they didn’t (yet)
    2. It’s also possible that Amazon used the likely rejection of the EU as an excuse to back out of a deal they didn’t want anymore

    I don’t know which one it is, but if Amazon wanted to close, they would’ve been willing to make concessions to the EU to get their approval, rather than backing out.