EU Commission Intends to Block Amazon's iRobot Acquisition.

The European Union's competition watchdog is planning to block Amazon's $1.7 billion bid to acquire iRobot, the maker of Roomba. During a meeting with European Commission officials, Amazon was informed that the deal was likely to be rejected. The commission has raised concerns about the deal potentially restricting competition in the market for robot vacuum cleaners. Amazon has until February 14th to respond to the commission's concerns, but it is possible that they may choose to walk away from the deal. [Extracted from the article]