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iRobot’s Roomba.
Resource: iRobot
Shares of iRobot, the maker of Roomba vacuums, shut up about 39% Friday soon after a report stated the European Union is set to approve Amazon’s $1.7 billion acquisition of the business.
Reuters claimed Thursday morning the offer is set to “get unconditional EU antitrust approval,” citing a few resources common with the make a difference. The European Commission is expected to rule on the deal by Feb. 14.
Representatives from the European Fee failed to immediately respond to CNBC’s ask for for remark.
The deal is still less than overview by the U.S. Federal Trade Fee. The U.K.’s Competition and Markets Authority reported in June the deal would not final result in “a significant lessening of competitiveness” in the U.K.
Amazon shares ended up flat.
Amazon announced its intention to receive iRobot in August 2022 for $61 a share in an all-income deal.
The acquisition marks Amazon’s fourth-premier deal, at the rear of its $13.7 billion purchase of grocery chain Full Foodstuff in 2017, its $8.45 billion purchase of movie studio MGM in 2021 and its $3.9 billion acquisition of boutique major-care company Just one Health care, announced past July.
— CNBC’s Annie Palmer contributed to this report.
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