iRobot shares tank 30% on report EU programs to block Amazon acquisition

Roomba robot vacuums made by iRobot are shown on a shelf at a Focus on retail outlet in San Rafael, California, on Aug. 05, 2022.

Justin Sullivan | Getty Pictures

Shares of iRobot plunged much more than 30% in extended investing on Thursday after a report mentioned EU’s antitrust watchdog intends to block Amazon‘s prepared acquisition of the Roomba maker.

The Wall Road Journal claimed the European Fee fulfilled with Amazon reps on Thursday to go over the deal and was informed the acquisition would likely be rejected, citing persons common with the matter.

Amazon declined to comment. A representative from the European Commission failed to straight away react to a request for comment.

Amazon’s inventory fell marginally in prolonged investing.

This is breaking information. Remember to check again for updates.

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