iRobot and Amazon call it quits, terminate acquisition agreement

Amazon has ended its bid to acquire iRobot, the maker of robotic vacuums, after running up against stiff headwinds with European regulators. In a press release, the companies said that they saw “no path to regulatory approval in the European Union,” preventing them from moving forward. Amazon and iRobot mutually agreed to terminate their previously-announced acquisition agreement, under which Amazon would’ve purchased iRobot for ~$1.7 billion in cash. “We’re disappointed that Amazon’s acquisition of iRobot could not proceed,” said David Zapolsky, Amazon SVP and general counsel, said in a press...