iRobot and Amazon call it quits, terminate acquisition agreement


This post is by Kyle Wiggers from TechCrunch


Amazon has ended its bid to acquire iRobot, the maker of robotic vacuums, after running up against headwinds with European regulators. Amazon and iRobot have opted to mutually terminate their previously-announced acquisition agreement, under which Amazon would’ve purchased iRobot for ~$1.7 billion in cash (or slightly lower). In a press release, the companies said that […] © 2024 TechCrunch. All rights reserved. For personal use only.