irobot
Washington (AFP) - Amazon on Monday said it was dropping its plans to buy the iRobot vacuum maker after the EU's antitrust authority objected to the plan over competition concerns. The news sent shares in iRobot into a tailspin, and the device maker followed the announcement of the failed deal with a restructuring plan that would see 350 jobs, or 30 percent of the company, laid off and the departure of its CEO. "We're disappointed that Amazon's acquisition of iRobot could not proceed," said David Zapolsky, Amazon SVP and General Counsel. The EU in July opened an antitrust investigation into Am...
AFP
San Francisco (AFP) - Amazon on Friday announced a $1.7 billion deal to buy the maker of robotic vacuum Roomba in a merger that would play into the tech giant's artificial intelligence and smart home ambitions. US-based iRobot is a global company that builds robots and "intelligent home" innovations, having introduced Roomba self-operating vacuums a decade ago, Amazon said in a release. "Over many years, the iRobot team has proven its ability to reinvent how people clean with products that are incredibly practical and inventive," said Amazon senior vice president of devices Dave Limp. Amazon's...
AFP
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