Amazon drops $1.4bn deal to buy iRobot after EU veto reports
by Dan Milmo Global technology editor from Technology | The Guardian on (#6J7CY)
Roomba maker announces plans to axe 31% of workforce and exit of CEO after collapse of acquisition
Amazon has abandoned its planned $1.4bn (1.1bn) acquisition of the robot vacuum cleaner company iRobot, amid EU opposition to the deal.
The e-commerce company will pay a $94m break fee to iRobot, which immediately announced plans to axe 31% of its workforce - or 350 employees - and the departure of its chief executive.
Continue reading...