Amazon's iRobot Deal Gets Under The EU Regulators' Scanner: Reuters
Portfolio Pulse from Benzinga Newsbot
The European Union's antitrust regulators are set to launch a full-scale investigation into Amazon's $1.7 billion acquisition of iRobot. The news led to a 10% drop in iRobot shares and a reduction in gains for Amazon shares.
June 22, 2023 | 4:11 pm
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NEGATIVE IMPACT
Amazon's acquisition of iRobot faces a full-scale investigation by EU antitrust regulators, leading to reduced gains in Amazon shares.
The investigation into Amazon's acquisition of iRobot by EU regulators raises concerns about the deal's future, which may negatively impact Amazon's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
iRobot shares dropped by 10% following the news of a full-scale investigation by EU antitrust regulators into its acquisition by Amazon.
The EU regulators' investigation into the acquisition of iRobot by Amazon creates uncertainty around the deal, leading to a significant drop in iRobot's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100