Amazon Terminates iRobot Deal Citing Regulatory Concern; iRobot To Lay Off 31% of Staff

Amazon will not move forward with a planned acquisition of vacuum-maker iRobot, the two said Monday, citing "no path to regulatory approval" as the deal-breaker. Amazon announced its plan to acquire iRobot for $1.7 billion in August 2022. iRobot said separately that it will lay off about 350 jobs, or 31% of its workforce.

Read more of this story at Slashdot.