Amazon, iRobot Abandon Deal Amid Regulatory Scrutiny.

Amazon and iRobot have terminated their $1.7 billion deal due to regulatory pushback. The deal would have added the popular Roomba vacuum to Amazon's devices portfolio. The European Commission was planning to block the acquisition, citing concerns about competition in the market for robot vacuum cleaners. The deal also faced scrutiny in the US, with the Federal Trade Commission recommending suing to block the transaction. This termination is part of a trend of increased regulatory scrutiny faced by Amazon and other tech companies. As a result of the termination, iRobot is launching a restructuring that includes job cuts and a new CEO. [Extracted from the article]