From Nasdaq:

The European Union’s competition watchdog is planning to block Amazon’s $1.4 billion acquisition of iRobot, causing shares of the vacuum maker to plummet nearly 40% to $14.3. Amazon was informed during a meeting with European Commission officials that the deal was likely to be rejected, and the U.S. tech giant did not offer remedies by the Jan. 10 deadline. Tech lobbying group Computer and Communications Industry Association president Matt Schruers criticized the potential block, saying it would leave consumers with fewer options. The European Commission had until Feb. 14 to either approve or reject the deal. Amazon declined to comment on the report.



Read more: EU antitrust regulator intends to block Amazon’s iRobot acquisition – WSJ