iRobot shares tank 30% on report EU plans to block Amazon acquisition
Publishing timestamp: 2024-01-18 17:40:54
Summary
The EU's competition watchdog is planning to block Amazon's acquisition of iRobot due to competition concerns. Shares of iRobot dropped significantly after the news. The European Commission met with Amazon representatives to discuss the deal and it is likely to be rejected. The deal is still under review by the U.S. Federal Trade Commission.
Sentiment: NEGATIVE
Keywords: breaking news: business, irobot corp, business news, breaking news: europe, breaking news: technology, amazon.com inc,