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Amazon’s $1.7 billion iRobot acquisition will need US, EU merger approvals

By Natalie McNelis ( August 26, 2022, 10:59 GMT | Insight) -- Amazon’s $1.7 billion acquisition of iRobot, the maker of Roomba vacuum cleaners, will need merger approval in the US and EU, the company has disclosed. The companies have not anticipated a closing date, and the deadline for regulatory approval can be extended as far as August 2024. Amazon will have to pay iRobot a break fee of $94 million if the deal fails due to regulatory opposition.Amazon’s $1.7 billion acquisition of iRobot, the maker of Roomba vacuum cleaners, will need merger-control approval in the US and EU, the company has disclosed. ...

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