IRobot's future could be rocky after Amazon deal falls through
AmazonAmazon(US:AMZN) Market Watch·2024-01-29 22:33

The future of iRobot Corp. IRBT, -8.77% is likely to be rocky as it faces tougher competition in the home-robotics market on its own. The Roomba maker said it will now focus on its own restructuring and becoming profitable again, after waiting almost 16 months for regulatory approvals for a proposed merger with Amazon.com Inc. AMZN, +1.34% that ultimately did not all come. The news had been expected by some investors, especially after the European Commission in November wanted certain assurances the deal wo ...

IRobot's future could be rocky after Amazon deal falls through - Reportify