223

Amazon terminates iRobot deal, Roomba maker to lay off 31% of staff (www.cnbc.com)

submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world

47 comments fedilink hide all child comments

Amazon terminates iRobot deal, Roomba maker to lay off 31% of staff::Amazon and iRobot said regulatory concerns made it impossible for the deal to move forward, sending the Roomba makers' shares plummeting.

you are viewing a single comment's thread
view the rest of the comments

[-] ilmagico@lemmy.world 6 points 9 months ago

Technically, no, iRobot and Amazon "mutually agreed" to terminate the deal, most likely cause the EU probably wasn't going to approve, but:

The EU was set to deliberate in mid Feb, so they didn't (yet)
It's also possible that Amazon used the likely rejection of the EU as an excuse to back out of a deal they didn't want anymore

I don't know which one it is, but if Amazon wanted to close, they would've been willing to make concessions to the EU to get their approval, rather than backing out.

this post was submitted on 29 Jan 2024

223 points (98.7% liked)

Technology

59381 readers

1083 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS