Photo: Hyundai Light bars have made a gradual return to popularity in new cars, and for the most part they make designs look more futuristic, but not all are created equal. Full-width rear light bars had a moment in the ‘60s and ‘70s, and a few models carried the torch through the ‘80s and ‘90s, … Read more
LONDON (AP) — Amazon called off its purchase of robot vacuum maker iRobot on Monday, blaming “undue and disproportionate regulatory hurdles” after the European Union signaled its objection to the deal. The companies said in joint statement that they were disappointed but mutually agreed to terminate the acquisition. The deal faced antitrust scrutiny on both … Read more
iRobot, a popular robotics vacuum cleaning solutions provider, has revealed an organisational restructuring plan. In a statement, the company said the restructuring plan is designed to position the company for stabilisation in the current environment, “while focusing on profitability and advancing key growth initiatives to extend its market share in the mid-tier and premium segments.”The … Read more
In August 2022, Amazon announced that it will acquire iRobot, a company known for making robot vacuums. Now, both companies have revealed that the deal has been called off. Amazon said that one of the key reasons was the expected regulatory hurdles. The European Union had launched an investigation in the deal. According to a … Read more
The European Union (EU) antitrust regulator is set to block Amazon‘s $1.4 billion acquisition of iRobot, the manufacturer Roomba vacuum cleaner, as per a report. The Euroepan Commission has until February 14 to either approve or reject the deal.Citing three people familiar with the matter, a report by Reuters said that the e-commerce giant declined … Read more
The outcome of Amazon.com Inc’s proposed takeover of iRobot Corp has left many anxious. The worries come after a competition warning from Europe’s antitrust watchdog cast doubts on the deal’s path to closing. The robot-vacuum maker’s stock was whipsawed this week and now trades more than 30% below Amazon’s $51.75-per-share offer Tuesday. What’s causing the … Read more