Amazon terminates $1.7 bn deal to acquire iRobot amid regulatory hurdles
Amazon on Monday announced it has terminated its $1.7 billion acquisition of iRobot, the maker of consumer robotic vacuums, on mutual conditions.
Amazon on Monday announced it has terminated its $1.7 billion acquisition of iRobot, the maker of consumer robotic vacuums, on mutual conditions.
The UK's antitrust regulator has cleared Amazon's proposed $1.7 billion acquisition of iRobot, which designs and builds consumer robots, including robot vacuum cleaners sold under the 'Roomba' brand.
The company expressed that to better adjust its expense design to approach near-term revenue goals, it is currently starting a "restructuring of its operations".
