Amazon terminates iRobot acquisition due to regulatory hurdles

Amazon said Monday it is terminating its planned $1.4 billion acquisition of iRobot after facing hurdles from European antitrust regulators.  The companies said the deal "had no path to regulatory approval in the European Union.""This outcome will deny consumers faster innovation and more competitive prices, which we're confident would have made their lives easier and more enjoyable," said David Zapolsky, Amazon senior vice president and general counsel. Under the deal, announced in August 2022, Amazon woul ...