Friday, April 19, 2024

Amazon’s $1.4 billion iRobot bid likely set for EU approval: Reuters

Shares of iRobot (IRBT), maker of the Roomba vacuum, jumped Friday morning on a Reuters report indicating European Union regulators are likely to approve Amazon’s (AMZN) $1.4 billion acquisition bid. Sources told Reuters the deal will meet competition requirements following an in-depth antitrust investigation, however the Federal Trade Commission (FTC) still needs to sign off before the deal can proceed.
Yahoo Finance’s Tech Editor Dan Howley breaks down the details, providing insights into how Amazon could look to leverage iRobot’s data to improve the intelligence of Alexa devices if the deal closes.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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