iRobot shares plunge 19% on report Amazon won't offer concessions to resolve EU probe
Publishing timestamp: 2024-01-10 16:41:37
Summary
Amazon will not offer concessions to the European Commission in order to clear its planned $1.7 billion acquisition of iRobot. The European Commission has raised competition concerns and companies have until the end of the day to offer changes to Amazon's business in the EU market. iRobot and the European Commission have not yet responded to requests for comment. The deal is still under review by the U.S. Federal Trade Commission.
Sentiment: NEGATIVE
Keywords: technology, business news, irobot corp, amazon.com inc, breaking news: technology, internet,
Source: https://www.cnbc.com/2024/01/10/irobot-shares-dip-on-report-amazon-wont-offer-eu-concessions.html