iRobot’s Roomba.
Source: iRobot
Shares of iRobot, the maker of Roomba vacuums, closed up about 39% Friday after a report stated the European Union is set to authorize Amazon’s $1.7 billion acquisition of the business.
Reuters stated Thursday early morning the offer is set to “win unconditional EU antitrust approval,” pointing out 3 sources acquainted with the matter. The European Commission is anticipated to rule on the offer byFeb 14.
Representatives from the European Commission didn’t right away react to CNBC’s ask for remark.
The offer is still under evaluation by the U.S. Federal TradeCommission The U.K.’s Competition and Markets Authority stated in June the offer would not lead to “a substantial lessening of competition” in the U.K.
Amazon shares were flat.
Amazon revealed its intent to obtain iRobot in August 2022 for $61 a share in an all-cash offer.
The acquisition marks Amazon’s fourth-largest offer, behind its $137 billion purchase of grocery chain Whole Foods in 2017, its $ 8.45 billion purchase of movie studio MGM in 2021 and its $ 3.9 billion acquisition of store primary-care supplier One Medical, revealed last July.
— CNBC’s Annie Palmer added to this report.
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