Amazon will no longer pursue a $1.4 billion acquisition of iRobot, maker of Roomba robot vacuums after the companies announced today that they have “No path to regulatory approval in the European Union.” As part of the deal’s terms, Amazon will pay $94 million to iRobot, most of it earmarked for paying back a three-year, $200 million loan the company took out when the Amazon acquisition was announced in August 2022. EC officials were also concerned about Amazon using labels like “Works with Alexa” or “Amazon’s Choice” with iRobot products.

Source: Amazons $1.4B Roomba bid fails, leading to iRobot layoffs and CEO resignation