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Amazon, iRobot Scrap Acquisition Deal

Provided by Dow Jones

Jan 29, 2024 2:00pm

By Dean Seal

Amazon.com and iRobot have agreed to terminate their acquisition deal, citing challenges to gaining regulatory approval in the European Union.

The companies said Monday that they have signed a termination agreement resolving all outstanding matters relating to the transaction.

Amazon will pay iRobot a $94 million termination fee.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

January 29, 2024 09:00 ET (14:00 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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