Amazon (AMZN) and iRobot (IRBT) Agree to Terminate Pending Acquisition

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Go back to Amazon (AMZN) and iRobot (IRBT) Agree to Terminate Pending Acquisition

Amazon and iRobot Agree to Terminate Pending Acquisition

January 29, 2024 8:30 AM EST

Amazons proposed acquisition of iRobot has no path to regulatory approval in the European Union, preventing Amazon and iRobot from moving forward togethera loss for consumers, competition, and innovation.

SEATTLE & BEDFORD, Mass.--(BUSINESS WIRE)-- Today Amazon (NASDAQ: AMZN) and iRobot (NASDAQ: IRBT) announced that they have entered into a mutual agreement to terminate their previously announced acquisition agreement, originally signed on August 4, 2022, under which Amazon would have acquired iRobot for cash consideration. This deal would have allowed Amazon to invest in... More