Tuesday, 25 July, 2023

Amazon Slashes iRobot Purchase Price by 15% Amid Regulatory Scrutiny

In response to regulatory scrutiny over antitrust concerns, Amazon has decided to reduce its acquisition price for iRobot by 15%. The decision comes as regulators intensify their review of the proposed acquisition, prompting Amazon to adjust its offer. The lower purchase price aims to address regulatory concerns and facilitate the approval process. The move showcases Amazon's commitment to navigating regulatory challenges while pursuing strategic acquisitions in the tech industry.