Red, white and … achoo? If you’re feeling a bit sneezier than usual, it might mean your wheezy old vacuum just isn’t sucking up dust like it used to. But upgrading to a new model doesn’t have to mean breaking the bank, especially with 4th of July vacuum deals like the ones we’re seeing. We’re […]
Tag: iRobot
Can iRobot Stock Bounce Back After Crashing 72% This Year?
When Amazon‘s deal to acquire iRobot (NASDAQ: IRBT) fell through earlier this year, it was as if the air was let out of the robot vacuum maker’s stock. Almost in an instant, shares went over a cliff. The company has been struggling to gain traction ever since. Its sales have been declining, the business is […]
‘Cleaner house with less effort’ Get an iRobot Roomba vac for over 40% off — plus other deals of the day
Wake up and smell the savings! New day, new ways to save — if you know where to look. We’ve done all the legwork and found the 10 best deals worth shopping now. Today, you can clean up with an iRobot Roomba for a wild $250 less and a Rubbermaid scrubber for just $18. Make […]
The death of Amazon’s iRobot deal has knock-down effects, as the unicorn corporate exit appears to be defunct
When Amazon called off its acquisition of iRobot on Monday, the impact was immediate: The Roomba maker’s longtime cofounder and CEO stepped aside and hundreds of staffers were laid off. But, coming on the heels of Adobe’s abandoned $20 billion Figma buyout last year in the face of regulatory pushback, a longer-term and more unsettling […]
Amazon walking away from its $1.7 billion iRobot deal leaves the Roomba maker without its founding CEO and staring down a 31% staff cut
Rather than compromise with EU regulators, Amazon is walking away from a $1.7 billion deal to buy iRobot, sending the Roomba vacuum maker’s stock down roughly 7%. EU regulators had offered Amazon the chance to make changes in order to remedy its concerns that the deal would be anticompetitive, but the company saw “no path […]
Amazon calls off bid to buy robot vacuum cleaner iRobot amid scrutiny in the US and Europe
LONDON (AP) — Amazon on Monday called off its proposed acquisition of iRobot, which was facing antitrust scrutiny on both sides of the Atlantic, with the ecommerce giant blaming “undue and disproportionate regulatory hurdles.” The companies said in joint statement that they “entered into a mutual agreement to terminate their announced acquisition agreement.” “We’re disappointed […]
Amazon, iRobot abandon merger in face of EU opposition
WASHINGTON (Reuters) -Amazon and robot vacuum maker iRobot said Monday they would end their plans to merge in the face of opposition from EU antitrust regulators. iRobot announced a significant restructuring plan to reduce costs and said it would cut about 31% of its workforce, or 350 jobs. The company also said Colin Angle has […]
IRobot Stock Plummets As EU Moves To Block Takeover By Amazon
IRobot (IRBT) stock plunged on Friday on news that antitrust regulators in Europe plan to block Amazon.com‘s (AMZN) planned purchase of the Roomba vacuum cleaner maker. X The Wall Street Journal reported late Thursday that the European Union’s competition watchdog intends to block Amazon’s $1.7 billion bid to buy iRobot. Competition officials from the European […]
Roomba maker iRobot shares plunge on report Amazon deal faces EU block
(Reuters) — IRobot shares slumped 36% in premarket trading on Friday after a report the European Union antitrust regulator was planning to block Amazon.com’s $1.4 billion buyout of the Roomba vacuum maker. Amazon was informed during its meeting on Thursday with the European Commission, the EU’s executive arm, that the deal was likely to be […]
Why iRobot Stock Dropped Today
Shares of iRobot (NASDAQ: IRBT) fell 14.2% on Thursday as investors speculated over the implications of an upcoming meeting of the U.S. Federal Trade Commission (FTC) on Amazon‘s (NASDAQ: AMZN) pending acquisition of the home-robotics specialist. After the regular session closed, however, iRobot stock plummeted another 40% in after-hours trading following a separate report that […]
UPDATE 1-EU antitrust regulator intends to block Amazon’s iRobot acquisition
(Updates shares in paragraph 2, Adds comments in paragraph 6,7) Jan 18 (Reuters) – The European Union’s competition watchdog plans to block Amazon.com’s $1.4 billion acquisition of robot vacuum maker iRobot, The Wall Street Journal said on Thursday, citing people familiar with the matter. Shares of the Roomba vacuum maker plunged nearly 40% to $14.3 […]
Why iRobot Stock Plunged Today
Shares of iRobot (NASDAQ: IRBT) fell 19.8% late Wednesday after Politico reported Amazon.com (NASDAQ: AMZN) will not offer concessions to European Union (E.U.) antitrust regulators as it works to clear its impending acquisition of the home robotics specialist. Amazon isn’t backing down from antitrust regulators Citing two people familiar with the situation late this afternoon, […]