The iRobot Roomba.
Actions of I robotvacuum cleaner maker Roomba, closed up about 39% on Friday after a report said the European Union is close to approving Amazon’s $1.7 billion acquisition of the company. dollars.
Reuters said Thursday morning that the deal should “obtain unconditional approval from EU antitrust authorities,” citing three sources familiar with the matter. The European Commission is expected to rule on the deal by February 14.
Representatives for the European Commission did not immediately respond to CNBC’s request for comment.
The deal is still under review by the U.S. Federal Trade Commission. The UK Competition and Markets Authority said in June the agreement would not lead to “a substantial lessening of competition” in the United Kingdom
Amazon stocks were stable.
Amazon announced his intention to acquire iRobot in August 2022 for $61 per share in an all-cash transaction.
The acquisition marks Amazon’s fourth-largest transaction, behind $13.7 billion purchase of the grocery chain Whole Foods in 2017, its $8.45 billion purchase of the MGM film studio in 2021 and its $3.9 billion acquisition from primary care provider One Medical, announced last July.
—Annie Palmer of CNBC contributed to this report.
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