iRobot stock up 39% on report Amazon deal set to get EU approval

iRobot’s Roomba.

Resource: iRobot

Shares of iRobot, the maker of Roomba vacuums, shut up about 39% Friday right after a report mentioned the European Union is set to approve Amazon’s $1.7 billion acquisition of the enterprise.

Reuters reported Thursday early morning the deal is established to “gain unconditional EU antitrust approval,” citing a few resources familiar with the subject. The European Fee is anticipated to rule on the deal by Feb. 14.

Representatives from the European Commission did not quickly answer to CNBC’s ask for for comment.

The deal is nevertheless underneath evaluation by the U.S. Federal Trade Commission. The U.K.’s Level of competition and Marketplaces Authority claimed in June the deal would not result in “a considerable lessening of competition” in the U.K.

Amazon shares ended up flat.

Amazon introduced its intention to obtain iRobot in August 2022 for $61 a share in an all-funds offer.

The acquisition marks Amazon’s fourth-greatest deal, driving its $13.7 billion purchase of grocery chain Full Food items in 2017, its $8.45 billion obtain of movie studio MGM in 2021 and its $3.9 billion acquisition of boutique primary-treatment supplier A single Health-related, announced very last July.

— CNBC’s Annie Palmer contributed to this report.

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