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Amazon kills $1.4-billion iRobot deal
Amazon.com Inc. has abandoned its planned $1.4-billion (R26.36 billion) acquisition of Roomba maker iRobot Corp. after clashing with European Union regulators who had threatened to block the deal.
The fallout came quickly. IRobot, which has been struggling recently, said chief executive officer Colin Angle has stepped down as the company embarks on a restructuring plan that will result in about 350 job cuts, or 31% of the workforce.
[Bloomberg]
Amazon.com Inc. has abandoned its planned $1.4-billion (R26.36 billion) acquisition of Roomba maker iRobot Corp. after clashing with European Union regulators who had threatened to block the deal.
The fallout came quickly. IRobot, which has been struggling recently, said chief executive officer Colin Angle has stepped down as the company embarks on a restructuring plan that will result in about 350 job cuts, or 31% of the workforce.
[Bloomberg]
