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iRobot (NASDAQ:IRBT) skyrocketed 37% on a report that Amazon’s (NASDAQ:AMZN) planned $1.4 billion purchase of the robot vacuum maker Roomba is set to get uncondontional appoval from the EU.
The European Commission, which has a deadline of Feb. 14 to decide on the deal, declined to comment to Reuters about its report about approval for the deal on Thursday. Amazon (AMZN) didn’t immediately respond to request for comment.
The European antitrust regulator announced in July that it opened an in-depth review into Amazon’s (AMZN) purchase of the robot vacuum cleaner. The UK’s antitrust regulator approved the transaction in June.
iRobot (NASDAQ:IRBT) received a second request from the Federal Trade Commission last September to do a more in-depth review of the Amazon (AMZN) deal. Amazon in June confirmed it filed substantial compliance with the FTC’s second request.
Amazon (AMZN) in August revised its deal with the Roomba robot vacuum maker, cutting the price it was paying to $51.75 in cash from $61 when the deal was originally struck last year. iRobot holders voted again to approve the deal at holder vote last month.
More on iRobot
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