Amazon has terminated its $1.4 billion acquisition of iRobot due to opposition from European antitrust regulators. The deal faced scrutiny from both the EU and the FTC, with the EU citing restricted competition in the robot vacuum cleaner market. As a result, iRobot plans to lay off 31% of its staff, and its CEO, Colin Angle, is stepping down. Amazon will pay a $94 million termination fee. The termination highlights challenges in antitrust enforcement and raises concerns about the future of the home robot industry.
Because Europe won’t let Amazon acquire it, IRobot may wind up going out of business. Way to boost competition, Europe.
This week’s collapse of a proposed acquisition by Amazon leaves Bedford-based robot floor-cleaning company iRobot in search of new options for success as an independent company beset by ferocious competition. https://t.co/QStawA8BKE
In the latest deal to fall apart in a surge of antitrust scrutiny, @amazon pulled the plug on its planned purchase of @iRobot, just one of many tech acquisitions called off after pushback from regulators. And the value of those deals keeps mounting. https://t.co/CS0oY7c9TY
"The death of the Amazon deal could mean goodbye iRobot" https://t.co/Pq4b4CCemQ
After Amazon ended its acquisition, iRobot, whose market share has been steadily eroding since 2014, could quickly become an also-ran in the robot vacuum market (@jp2e / The Verge) https://t.co/ObmJZp4yG7 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/xBXoS1GmuV
iRobot deal with Amazon is off due to no path to regulatory approval in EU. iRobot laying off ~350 employees and CEO is departing. Amazon will pay a $94 million termination fee. https://t.co/F69fcaRGUW https://t.co/jqMGgqNVp9
Amazon’s iRobot deal could be blocked by European Union | TechCrunch https://t.co/igPKVqp1KM #IoTRegulation #IoTAcquisitions #Robotics
Amazon's abandoned acquisition leaves iRobot in Carlyle debt straightjacket https://t.co/JRhAyfVWnk https://t.co/dusFY0iXGi
⚠️ AMAZON'S ABANDONED ACQUISITION LEAVES IROBOT IN CARLYLE DEBT STRAIGHTJACKET (Reuters) The collapse of iRobot's $1.4 billion sale to Amazon will test the cash-strapped robot vacuum cleaner maker's ability to repay a $200 million loan it took from private equity firm Carlyle… https://t.co/DmvBf2yENV
After Amazon’s decision to abandon a proposed acquisition of iRobot, the Federal Trade Commission is “extremely focused” on blocking bad mergers, a senior official says https://t.co/ebtsSHYJVh
Amazon and iRobot say European regulators refused to approve the deal. https://t.co/XXDu0q3He9
iRobot lays off 350 workers after EU stops merger. EU says it consulted FTC in reaching its decision. Meanwhile, China has already captured 50% of the overseas robot vacuum market. Misguided regulators are harming 🇺🇸 companies and helping our adversaries. https://t.co/s3avm3VoFx
"Amazon & (Roomba-maker) iRobot…mutually called off their est'd $1.7B acquisition…citing numerous regulatory hurdles. Immediately after…iRobot announced it would lay off 31% of its staff & that founder Colin Angle would step down from his role as CEO" https://t.co/cPfwjeaBUW
Amazon is dropping its $1.4 billion deal to buy iRobot after EU regulators said they'd veto the acquisition iRobot cut 31% of its staff following the news, and the breakup leaves Amazon with a $94 million termination fee Antitrust crackdowns on Big Tech just keep coming
iRobot sucks wind after Amazon deal failure https://t.co/UU2FNd8Th0
Mass.-based iRobot to lay off 31% of staff as Amazon calls off bid to buy amid pushback in Europe https://t.co/0VefWS9JkT
Thanks, Europe. Sheesh. Amazon, Roomba-parent iRobot abandon $1.4 billion merger deal https://t.co/ll6fTTNo7i
Amazon and iRobot nix deal, Roomba maker lays off a third of its staff https://t.co/BlOHe41NyB
As Amazon and iRobot's $1.4 billion deal falls apart, the latter has announced a large wave of layoffs alongside the departure of its CEO, Colin Angle https://t.co/WmWwmiB20Z
Amazon, Roomba-parent iRobot abandon $1.4 billion merger deal #Amazon #iRobot https://t.co/VCwcsLMlY2
WATCH: Amazon, iRobot announce the end of their merger. @Reuters reported the deal would be blocked by European Commission antitrust regulators over concerns about the impact it would have on iRobot's rivals selling products on Amazon's online marketplace https://t.co/uGHv1aItFU https://t.co/hES36R8g3m
Amazon, iRobot announce the end of their merger. @Reuters reported the deal would be blocked by European Commission antitrust regulators over concerns about the impact it would have on iRobot's rivals selling products on Amazon's online marketplace https://t.co/tZWtUs6AoR https://t.co/2Zhju3DSXW
🔴 Amazon abandons £1.1bn takeover of Roomba owner after EU opposition https://t.co/h9eFESvHNX
🚨 @iRobot to #layoff 350 employees after @Amazon terminates acquisition deal iRobot expects to record restructuring charges between $12 million and $13 million, primarily for severance and related costs, over the first two quarters of 2024. https://t.co/mFuHrO3ayN
Amazon's bid to buy Roomba maker iRobot is called off amid pushback in Europe https://t.co/lpR1ublqwy
When Amazon wanted to buy a robot vacuum company company for $1.7 billion, Democrats urged the FTC to oppose the deal. Now almost a third of iRobot's staff is being laid off. https://t.co/acyqnfOOOO
WATCH: iRobot announced a significant restructuring plan to reduce costs following the announcement of the end of a merger plan with Amazon. The company said it would cut about 31% of its workforce and that founder Colin Angle has stepped down as CEO https://t.co/uGHv1aJ1vs https://t.co/kTPFF0inOn
iRobot announced a significant restructuring plan to reduce costs following the announcement of the end of a merger plan with Amazon. The company said it would cut about 31% of its workforce and that founder Colin Angle has stepped down as CEO https://t.co/tZWtUs6AoR https://t.co/HHecIwXHN0
Amazon’s Bid to Buy Roomba Maker iRobot Is Called off amid Pushback in Europe https://t.co/eF8gvgH0Jm
WATCH: Amazon called off its planned $1.4 billion purchase of robot vacuum maker iRobot. The two companies announced the decision in the face of opposition from European regulators https://t.co/uGHv1aItFU https://t.co/B4KxzY6VPd
Amazon’s Acquisition of iRobot Falls Through https://t.co/nn22A0LusA https://t.co/SrQ6cfwsax
Amazon called off its planned $1.4 billion purchase of robot vacuum maker iRobot. The two companies announced the decision in the face of opposition from European regulators https://t.co/tZWtUs6AoR https://t.co/A4bg62M7Vp
Amazon, Roomba-parent iRobot abandon $1.4 billion merger deal https://t.co/lUxDwvNcKJ https://t.co/Q9oyjekLFb
IRobot’s future could be rocky after Amazon deal falls through https://t.co/Ol709GxHLA
Amazon called off its proposed acquisition of robot vacuum maker iRobot on Monday as the deal faced antitrust scrutiny on both sides of the Atlantic, with the ecommerce giant blaming "undue and disproportionate regulatory hurdles." https://t.co/iU75zHjiar
Amazon swept away its $1.4 billion takeover plan for iRobot after clashing with EU regulators over the deal https://t.co/Mpcpm0LZtZ
Why Amazon abandoned its $1.4 billion iRobot acquisition https://t.co/1mkuYHhvfY https://t.co/O13zoaW5QG
Mass.-based iRobot to lay off hundreds, CEO to step down after Amazon terminates deal https://t.co/xYjM7vnCnJ
Amazon abandons its $1.4 billion iRobot takeover after clashing with EU regulators https://t.co/d4WYz6R2pe
Tough news for Amazon and IRobot as their possible merger falls through. The EU is really coming down on these prospective mergers. https://t.co/PWrsZrQUne
WATCH: Amazon and robot vacuum maker iRobot said they would end their plans to merge in the face of opposition from EU antitrust regulators https://t.co/uGHv1aItFU https://t.co/5WDnuKmQTB
Amazon scrapped its $1.4 billion acquisition of iRobot, saying the deal had “no path to regulatory approval in the European Union.” https://t.co/i2uumODAwV
Amazon has "mutually" agreed to drop its $1.4 billion deal to acquire Roomba maker iRobot today, alongside a wave of layoffs https://t.co/wfj1OcREy9
After pushback from the European Union and U.S. lawmakers like @SenWarren, Amazon terminated its planned acquisition of iRobot, which immediately announced it would lay off 31 percent of its employees. https://t.co/acyqnfPmEm
Amazon and robot vacuum maker iRobot said they would end their plans to merge in the face of opposition from EU antitrust regulators https://t.co/tZWtUs78ep https://t.co/EmBk4srh5Z
Roomba maker hit with layoffs as Amazon calls off $1.7 billion cash deal https://t.co/E8gNtSF9k1
Amazon, $AMZN, officially terminates the iRobot deal, and Roomba to lay off 31% of staff, per TechCrunch.
Amazon and iRobot merger abandoned over competition concerns https://t.co/T4R1Bnxy3U
European deal killing continues… “Amazon Inc. has abandoned its planned $1.4 billion acquisition of Roomba maker iRobot Corp. after clashing with European Union regulators who had threatened to block the deal.” https://t.co/xzm9A5IGRn
Deal terminated. Stock down 60% over the last month. 30% of staff laid off. Who won here, exactly? Will consumers be better off if iRobot ends up shutting down? The sad irony is that iRobot is not even the best robot vacuum on the market anymore. https://t.co/AdQX9MDuPN
Amazon can’t hoover up Roomba after EU nixes $1.4B iRobot acquisition https://t.co/Xx6UBeuhvN
US FTC was poised to reject Amazon acquisition of iRobot The Federal Trade Commission was poised to reject Amazon's acquisition of iRobot before the companies announced Monday they were abandoning the deal in the face of EU antitrust opposition. https://t.co/8MGDXM3jrv
EU regulation scuttles a deal, and workers pay the price ☹️🇪🇺📉 Amazon Drops iRobot Deal; Roomba Maker Cuts 31% of Staff. IRobot CEO steps down. Tech giant to pay $94 million to iRobot over deal termination: https://t.co/Ssaoms1fqx via @technology
Trending: Amazon terminates $1.4B iRobot deal, blames ‘disproportionate’ regulatory hurdles https://t.co/J3Z8EZ40mC
Amazon, iRobot abandon merger in face of EU opposition https://t.co/zNd7fSVPFg https://t.co/kJINm2XxjL
Amazon and iRobot abandon merger plans amid EU regulatory opposition https://t.co/Ber3QTepbN https://t.co/zr28pYPMSf
Amazon has today signed a mutual agreement with iRobot concerning its planned acquisition of the Massachusetts-headquartered company. The decision to stop the deal was reached because it had no path to regulatory approval in the EU. https://t.co/9MycrQGRCH
Amazon calls off bid to buy iRobot amid pushback in Europe Amazon announced in 2022 that it would buy iRobot, maker of the circular-shaped Roomba vacuum, for $1.7 billion in cash. But the value of the deal fell 15% after iRobot incurred new debt. https://t.co/U94PmlcOt7
Amazon ends $1.7B acquisition deal for iRobot amid regulatory issues https://t.co/yG7YTWdzyU
Amazon Cancels Bid to Buy Roomba Maker iRobot, Citing Regulators https://t.co/e5F2TpoUav
$AMZN abandoned its planned $1.7 billion acquisition of robotic vacuum maker $IRBT iRobot amid EU regulatory pushback against the deal. Amazon and iRobot said Monday that they have signed a termination agreement resolving all outstanding matters relating to the transaction,…
iRobot says that a planned deal to be acquired by Amazon would not go through, a development that led the vacuum maker to announce it would now lay off 31% of its staff. https://t.co/lyiTL7YYOk
Amazon terminates $1.4B deal to acquire iRobot, blames ‘disproportionate’ regulatory hurdles https://t.co/J3Z8EZ4yca
Amazon scraps plan to buy Roomba-maker iRobot, sparking chaos https://t.co/22lHlZXaPk
Amazon Abandons iRobot Deal Amid Regulatory Scrutiny https://t.co/HkCQxdMtJw
Amazon Drops $1.4 Billion iRobot Deal After EU Veto Threat IRobot CEO steps down and company cuts #DisruptiveTech https://t.co/HEhUukJVcD
Amazon calls off bid to buy Mass.-based iRobot amid scrutiny in the U.S. and Europe https://t.co/T2oBgtR5XD
iRobot to lay off 31 percent of staff after Amazon deal collapses https://t.co/VilTQf6ayM https://t.co/FYn1eIO3LS
Amazon calls off $1.7 billion iRobot buy, blames regulators https://t.co/cVNQGI98jp
iRobot's stock drops to 52-week lows as Amazon merger ends. Amazon to pay $94 million termination fee. https://t.co/EPb0Zu230v
Amazon’s iRobot acquisition has been cancelled Amazon’s proposed acquisition of iRobot has no path to regulatory approval in the European Union, preventing Amazon and iRobot from moving forward together. #Amazon #iRobot #technews https://t.co/DikKIj4WEn
Big news this morning, as the Amazon/iRobot deal falls through. Delays in the acquisition have already left their toll on the company. Now it's laying off another third of its headcount, as longtime CEO Colin Angle steps down. What does this mean for the future of the home robot? https://t.co/JgeG2Lc7Rh
Amazon called off its proposed acquisition of robot vacuum maker iRobot on Monday as the deal faced antitrust scrutiny on both sides of the Atlantic, with the ecommerce giant blaming “undue and disproportionate regulatory hurdles.” https://t.co/3t2P5yzlAK
Amazon rows back on planned purchase of iRobot https://t.co/9MycrQGRCH
Amazon’s $1.4B iRobot deal is dead. Now what? | TechCrunch https://t.co/MQGeBWdEh8
Amazon’s $1.4B iRobot deal is dead. Now what?: https://t.co/bIShFIXP2M by TechCrunch #infosec #cybersecurity #technology #news
Amazon and Roomba-maker iRobot announced on Monday morning they would scrap their planned $1.7 billion acquisition, after the European Commission said the deal would restrict competition in robot vacuums. https://t.co/F8z4Eem8LL
With the deal between Amazon and Massachusetts-based iRobot now canceled, the maker of robotic vacuums is now planning to cut hundreds of staff members. https://t.co/mYeFVcpnLl https://t.co/5I7BMtrVI3
Amazon cancels iRobot vacuum deal after EU challenge https://t.co/KPxrAJtm5B
Amazon’s $1.4B iRobot deal is dead. Now what? https://t.co/44KEkBUSoE
Adobe blocked from buying Figma JetBlue blocked from acquiring Spirit Airlines Amazon abandons $1.4B deal to buy iRobot as it sees "no path to regulatory approval" Something is very broken in antitrust enforcement
BREAKING UPDATE: Massachusetts-based iRobot to lay off hundreds of workers, CEO to step down after Amazon terminates acquisition deal https://t.co/b8m5mpejWh https://t.co/JXKIwQn5fg
iRobot acquisition by Amazon called off by the EU over “restricted competition in the robot vacuum cleaner market” - that Amazon would reduce visibility of competitors. It took 1.5 years to get to an answer; Amazon is paying a $94M termination fee but it isn’t enough- the company… https://t.co/E8ZtZEkQJl
"Amazon terminates iRobot deal, Roomba maker to lay off 31% of staff" https://t.co/C0NaAU2T8Y
Mini-scoop: When Amazon called off its $1.4 billion acquisition of iRobot this morning, it blamed the EU. But the FTC was also getting ready to sue to block the deal, with a "last rites" meeting on the calendar this week. https://t.co/jqo9KPtw5Q @theinformation
Mini-scoop: When Amazon called off its $1.4 billion acquisition of iRobot this morning, it blamed the EU. But the FTC was also getting ready to sue to block the deal, with a "last rites" meeting on the calendar this week. https://t.co/jqo9KPtw5Q
iRobot and Amazon call it quits, terminate acquisition agreement https://t.co/gijtq9oxGS
Amazon has canceled its $1.4 billion acquisition of Roomba maker iRobot due to opposition from European antitrust regulators — marking the first time it has ever been stopped from buying another company. https://t.co/MtGsydLtaj
Amazon aborts $1.4B takeover of iRobot - maker of Roomba vacuum cleaner - ahead of anticipated block by EU antitrust regulators https://t.co/TiifkRbzpZ https://t.co/J8FFfB8SKJ