- Shares of iRobot, maker of Roomba vacuum cleaners, closed up nearly 39% on Friday after a report said the European Union was set to approve Amazon’s takeover of the company.
- The deal is set to “win unconditional EU antitrust approval,” Reuters said Thursday morning, citing three sources.
- The deal is still under review by the US Federal Trade Commission.
iRobot Roomba.
Source: iRobot
Shares of iRobot, maker of Roomba vacuum cleaners, closed up nearly 39% on Friday after a report said the European Union was set to approve Amazon’s $1.7 billion acquisition of the company.
Reuters The deal is set to “win unconditional EU antitrust approval,” it said Thursday morning, citing three sources familiar with the matter. The European Commission is expected to issue its decision on the agreement by February 14.
Representatives of the European Commission did not immediately respond to CNBC’s request for comment.
The deal is still under review by the US Federal Trade Commission. The UK Competition and Markets Authority said in June that the deal would not “significantly reduce competition” in the UK.
Amazon shares were flat.
Amazon announced its intention to acquire iRobot in August 2022 for $61 per share in an all-cash deal.
This acquisition represents Amazon’s fourth-largest deal, following its $13.7 billion purchase of grocery chain Whole Foods in 2017, its $8.45 billion purchase of film studio MGM in 2021, and its $3.9 billion acquisition of primary care company One Medical, which was announced. About her last July.
— CNBC’s Annie Palmer contributed to this report.
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