Tag: IRBT
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Amazon and iRobot Merger Abandoned Amid Competition Concerns
Overview Amazon and iRobot have decided not to proceed with their planned merger, which was initially announced in August 2022. This decision comes after the European Commission expressed concerns about potential preferential treatment of iRobot’s products on Amazon’s website, potentially harming competition. While the deal had previously received approval from UK regulators, the Federal Trade […]
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Amazon’s Failed $1.4B iRobot Acquisition Deal: EU Regulations Prove Fatal
Regulatory Hurdles and Layoffs After a year and a half of negotiations, Amazon’s plan to acquire iRobot has officially collapsed. The tech giant faced unexpected regulatory challenges, which culminated in the European Union’s tightening of regulations on anti-competitive mergers and acquisitions. While the deal had already received approvals from some international regulatory bodies, including the […]