BusinessBusiness & EconomyBusiness Line

iRobot shares shut up 39% on document Amazon deal space to score EU approval

Shares of iRobot, the maker of Roomba vacuums, closed up about 39% Friday after a document acknowledged the European Union is determined to approve Amazon’s $1.7 billion acquisition of the firm.

Reuters acknowledged Thursday morning the deal is determined to “receive unconditional EU antitrust approval,” citing three sources aware of the topic. The European Commission is expected to rule on the deal by Feb. 14.

Representatives from the European Commission didn’t straight away answer to CNBC’s interrogate for comment.

The deal is restful below overview by the U.S. Federal Alternate Commission. The U.K.’s Competition and Markets Authority acknowledged in June the deal wouldn’t dwell in “a large lessening of competition” in the U.K.

Amazon shares were flat.

Amazon presented its arrangement to operate iRobot in August 2022 for $61 a part in an all-cash deal.

The acquisition marks Amazon’s fourth-glorious deal, at the support of its $13.7 billion aquire of grocery chain Complete Meals in 2017, its $8.forty five billion aquire of film studio MGM in 2021 and its $3.9 billion acquisition of boutique necessary-care provider One Clinical, presented closing July.

— CNBC’s Annie Palmer contributed to this document.Subscribe to CNBC on YouTube.

Achieve no longer fade away out these tales from CNBC PRO:

Content Protection by

Back to top button