The companies said in joint statement that they “entered into a mutual agreement to terminate their announced acquisition agreement” and expressed disappointment.
Amazon’s announced in 2022 that it would buy iRobot, maker of the circular-shaped Roomba vacuum, for $1.7 billion in cash. But the value of the deal fell 15% after iRobot incurred new debt.
Amazon will pay the Bedford, Massachusetts-based company a previously agreed termination fee, which wasn’t disclosed in the statement. The same day, iRobot announced that it would now lay off about 31% of its staff and its CEO would depart.
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Bu hikaye AppleMagazine dergisinin February 02, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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