iRobot shares plunge 19% after EU warns Amazon deal 'may restrict competition'

iRobot shares plunge 19% after EU warns Amazon deal 'may restrict competition'

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Shares of iRobot plunged as much as 19% on Monday after the EU's antitrust watchdog issued a warning that Amazon 's planned $1.7 billion acquisition of the Roomba maker raises competition concerns. The European Commission opened an in-depth probe into the purchase in July, and is expected to rule…

#irobot #amazon #roomba #europeancommission

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