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Potential EU Intervention Looms Over Amazon and iRobot Partnership

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The deal’s latest hurdle is the European Commission, which has set a February 14 deadline to reach a final decision. According to a new report, the EU regulatory body is set to vote against acquisition, citing the perceived anti-competitive nature of deal. In July, Amazon announced that it was lowering its asking price from $61 to $51.75 per share. The day the initial deal was announced, iRobot cut its headcount by 10% — around 140 people – as part of a restructure. As of this writing, share prices have dipped below $20 – one-third of where things where when the deal was announced.