: iRobot stock rallies on report Amazon will win regulatory approval for acquisition
iRobot Corp.’s stock IRBT was up 39% after Reuters reported that Amazon.com Inc. AMZN is expected to win approval from antitrust regulators in the European Union for the $1.4 billion acquisition of the maker of automated vacuums and other products. The news service cited three people familiar with the matter that said the deal will be OK’d. Spokespeople from Amazon.com and iRobot declined to comment. The move comes despite increased caution by antitrust regulators around big technology companies due to the accumulation of data by a few big names to become more dominant in many markets. Amazon.com’s stock was up by 0.2% in recent trades.
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