Amazon drops $1.4bn deal to buy iRobot after EU veto reports

Roomba maker announces plans to axe 31% of workforce and exit of CEO after collapse of acquisition

Amazon has dropped its planned $1.4bn (£1.1bn) acquisition of the Roomba maker iRobot, amid EUopposition to the deal.

The e-commerce company will pay a $94m break fee to iRobot, which immediately announced plans to axe 31% of its workforce – or 350 employees – and the departure of its chief executive.

Continue reading…
Roomba maker announces plans to axe 31% of workforce and exit of CEO after collapse of acquisition
Amazon has dropped its planned $1.4bn (£1.1bn) acquisition of the Roomba maker iRobot, amid EUopposition to the deal.
The e-commerce company will pay a $94m break fee to iRobot, which immediately announced plans to axe 31% of its workforce – or 350 employees – and the departure of its chief executive. Continue reading…Technology | The Guardian

Leave a Comment

Your email address will not be published. Required fields are marked *