EU moves to block Amazon's iRobot acquisition

Europe’s antitrust watchdog is set to block Amazon's US$1.7 billion bid to acquire iRobot Corporation (NASDAQ:IRBT), the maker of Roomba robotic vacuums, according to sources familiar with the matter. Amazon.com Inc (NASDAQ:AMZN, ETR:AMZ) met with competition officials from the European Commission on Thursday, where it was informed that the deal was likely to be rejected. The formal approval from the commission's top leaders is still pending, but historically, such decisions align with the recommendation of ...