"Amazon's Refusal to Offer Concessions Sends iRobot Shares Plummeting 19%"

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Source: CNBC
"Amazon's Refusal to Offer Concessions Sends iRobot Shares Plummeting 19%"
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TL;DR Summary

iRobot shares plunged 19% after a report stated that Amazon will not offer concessions to the EU's antitrust watchdog to clear its planned acquisition of the company. The European Commission warned of competition concerns, and the companies have until the end of the day to propose changes. The deal is still under review by the U.S. Federal Trade Commission, and the U.K.'s Competition and Markets Authority previously stated that it would not substantially lessen competition in the U.K.

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