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.
6 points
Technically, no, iRobot and Amazon “mutually agreed” to terminate the deal, most likely cause the EU probably wasn’t going to approve, but:
- The EU was set to deliberate in mid Feb, so they didn’t (yet)
- 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.
