iRobot’s Roomba.
Supply: iRobot
Shares of iRobot, the maker of Roomba vacuums, closed up about 39% Friday after a report stated the European Union is ready to approve Amazon’s $1.7 billion acquisition of the corporate.
Reuters stated Thursday morning the deal is ready to “win unconditional EU antitrust approval,” citing three sources conversant in the matter. The European Fee is anticipated to rule on the deal by Feb. 14.
Representatives from the European Fee did not instantly reply to CNBC’s request for remark.
The deal continues to be underneath evaluate by the U.S. Federal Commerce Fee. The U.Okay.’s Competitors and Markets Authority stated in June the deal wouldn’t lead to “a considerable lessening of competitors” within the U.Okay.
Amazon shares have been flat.
Amazon introduced its intention to accumulate iRobot in August 2022 for $61 a share in an all-cash deal.
The acquisition marks Amazon’s fourth-largest deal, behind its $13.7 billion buy of grocery chain Entire Meals in 2017, its $8.45 billion buy of movie studio MGM in 2021 and its $3.9 billion acquisition of boutique primary-care supplier One Medical, introduced final July.
— CNBC’s Annie Palmer contributed to this report.
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