Deals
Roomba Maker iRobot Soars on Report Amazon Deal Will Win EU Clearance
- Amazon’s planned bid for the Roomba maker also has UK support
- Eu regulators had investigated the deal on user data concerns
iRobot shares rose by as much as 34% on Friday to $39.99, giving the company a market value of just over $1 billion.
Photographer: Sophie Park/BloombergThis article is for subscribers only.
iRobot Corp., the vacuum-cleaner maker that Amazon.com Inc. is proposing to buy in a billion-dollar deal, soared by the most in nearly three years on a report that European Union regulators plan to clear the merger.
Amazon is set to gain unconditional EU antitrust approval for its acquisition of the Bedford, Massachusetts-based maker of Roomba vacuums, Reuters reported, citing three people familiar with the matter.