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Amazon Terminates iRobot Deal Citing Regulatory Concern; iRobot To Lay Off 31% of Staff

Monday January 29, 2024. 02:50 PM , from Slashdot
Amazon will not move forward with a planned acquisition of vacuum-maker iRobot, the two said Monday, citing 'no path to regulatory approval' as the deal-breaker. Amazon announced its plan to acquire iRobot for $1.7 billion in August 2022.

iRobot said separately that it will lay off about 350 jobs, or 31% of its workforce.

Read more of this story at Slashdot.
Read more at Slashdot
https://slashdot.org/story/24/01/29/1350237/amazon-terminates-irobot-deal-citing-regulatory-concern-...

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