iRobot shares close up 39% on report Amazon deal.
The deal is still under review by the U.S. Federal Trade Commission.
A report published Friday appears to indicate that the European Union is set to approve Amazon’s $1.7 billion acquisition of iRobot, the maker of the Roomba vacuum cleaner. iRobot shares closed up about 39% Friday after the report appeared.
Reuters reported on Thursday morning that the deal was expected to receive unconditional approval from the EU antitrust authorities, citing three sources familiar with the matter. By the end of February, the European Commission is expected to make a decision about the deal.
According to, European Commission representatives did not immediately respond to a request for comment sent by the news organization.
In the United States of America, the deal is still being reviewed by the Federal Trade Commission in order to ensure the continuation of the deal. It has been confirmed by the Competition and Markets Authority of the U.K. that there will not be a substantial lessening of competition in the U.K. as a result of the deal.
The share price of Amazon was flat in the last trading session.
IRobot announced in August 2022 that it would be acquired by Amazon for $61 a share in an all-cash transaction involving the company.
This acquisition marks Amazon’s fourth-largest deal to date, following its $13.7 billion purchase of grocery chain Whole Foods in 2017, its $8.45 billion purchase of film studio MGM in 2021, and its $3.9 billion acquisition of boutique primary-care provider One Medical, announced last July.