From Nasdaq:

Amazon’s proposed acquisition of iRobot is hitting a major snag with the European Commission’s antitrust concerns, prompting Amazon’s refusal to offer concessions, which complicates the regulatory landscape.

The consequences of Amazon’s stance could lead to the European Commission vetoing the deal, resulting in financial pressures for iRobot and missed strategic opportunities for Amazon.

Investors are reacting to Amazon’s defiance, causing iRobot’s stock price to drop 19%, with concerns about the deal’s viability and potential for protracted legal battles.

The outcome of this $1.4 billion deal between Amazon and iRobot could set a precedent for future tech mergers, impacting market competition and innovation in the smart home technology sector.



Read more: iRobot rumble: Can Roomba hold its ground?