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Amazon is set to buy iRobot for $1.7 billion.
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.
Amazon’s Alexa-powered empire is about to get a lot larger.The e-commerce and smart home giant announced Friday that it is purchasing Roomba maker iRobot for $1.7 billion.The move means that ...
[17] In July 2023, Amazon reduced the offer price to $1.42 billion after iRobot raised $200 million in new debt to fund its daily operations. [18] In January 2024, Amazon and iRobot announced they would end their plans to merge in the face of opposition from EU antitrust regulators. [4]
In 2022, Amazon announced that it would buy the Bedford, Massachusetts-based company for $1.7 billion in cash. But the value of the deal fell 15% after iRobot incurred new debt .
British antitrust regulators cleared Amazon’s purchase of robot vacuum maker iRobot on Friday, but the $1.7 billion deal still faces scrutiny in the United States and Europe. The Competition and ...
Rather than compromise with EU regulators, Amazon is walking away from a $1.7 billion deal to buy iRobot, sending the Roomba vacuum maker’s stock down roughly 7%.
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