"EU Plans to Block Amazon's iRobot Acquisition Sends iRobot Shares Plummeting 30%"

1 min read
Source: CNBC
"EU Plans to Block Amazon's iRobot Acquisition Sends iRobot Shares Plummeting 30%"
Photo: CNBC
TL;DR Summary

iRobot's shares plummeted over 30% in extended trading following reports that the EU's antitrust watchdog is planning to block Amazon's acquisition of the company. The European Commission has expressed concerns that the deal could hinder competition, and a ruling is expected by February 14. Amazon's stock also dipped slightly in response to the news, and the deal is still under review by the U.S. Federal Trade Commission.

Share this article

Reading Insights

Total Reads

0

Unique Readers

9

Time Saved

1 min

vs 2 min read

Condensed

74%

25967 words

Want the full story? Read the original article

Read on CNBC