From Dow Jones & Company:

iRobot Corp. saw a significant drop in its stock prices after the Wall Street Journal reported that the European Union plans to block Amazon’s acquisition of the company. According to the Journal, the European Commission has informed Amazon that the purchase of the Roomba maker is likely to be rejected. The EU’s executive branch has yet to formally approve the decision, but the news has already had a negative impact on iRobot’s shares. This comes after Amazon made the acquisition offer to iRobot.



Read more: Shares of iRobot plunge 40% on report EU will block purchase by Amazon