Amazon and irobot agree to terminate pending acquisition

Seattle & bedford, mass.--(business wire)--today amazon (nasdaq: amzn) and irobot (nasdaq: irbt) announced that they have entered into a mutual agreement to terminate their previously announced acquisition agreement, originally signed on august 4, 2022, under which amazon would have acquired irobot for cash consideration. this deal would have allowed amazon to invest in continued innovation by irobot and support irobot in lowering prices on products customers already love. the companies release.
AMZN Ratings Summary
AMZN Quant Ranking