Roomba maker iRobot has filed for bankruptcy protection in the US and will be taken private by its main manufacturer, Picea. Pressured by w...

With Presidents Day sales ramping up, shoppers have an opportunity to grab top-rated products at unbeatable prices.

Amazon announced in 2022 that it would buy iRobot, maker of the circular-shaped Roomba vacuum, for $1.7 billion in cash. But the value of t...

The European Union's competition watchdog, the European Commission, plans to block Amazon's $1.4 billion acquisition of iRobot, a robot vac...

The European Commission, the European Union's executive arm and top antitrust enforcer, said it has informed Amazon of its "preliminary vie...

Antitrust enforcers around the world have stepped up scrutiny of Big Tech acquiring smaller rivals, concerned about the accumulation of tro...

Generally, investors aren’t fond of companies sitting on large amounts of cash and expect the money to be invested for better returns or gi...

The companies had unveiled the deal in August last year, in what marked the latest effort by the world's largest online retailer to expand ...

Antitrust enforcers around the world have stepped up scrutiny of Big Tech acquiring smaller rivals, concerned about the accumulation of tro...

Amazon announced the takeover in August last year to expand its portfolio of smart devices, which include the Alexa voice assistant, smart ...

The Competition and Markets Authority (CMA) said it had concluded that the deal would not lead to competition concerns in the UK.

Amazon said it's "working cooperatively with the relevant regulators in their review of the merger."

The FTC official said the agency planned to send a pre-consummation warning letter that would say it still had specific concerns about the ...

In a filing on Tuesday, iRobot said the FTC had on September 19 requested more details on the deal that was announced last month and would ...

The US anti-trust body's iRobot review is wide-ranging and would include both head-to-head competition and whether the deal would illegally...

In recent weeks, Amazon has said it will spend billions of dollars in two gigantic acquisitions that, if approved, will broaden its ever gr...

Amazon will pay $61 per share, valuing iRobot at a premium of 22% to the stock's last closing price of $49.99.