At the time, the deal represented a 22 percent premium over iRobot’s share price.
The good times, however, would not last.
Roughly a year and a half later, Amazonterminatedwhat would have been its fourth largest acquisition at that time.
In short, Amazon did not believe it had a path to gaining approval from European Union regulators.
It’s mostly been a downhill journey ever since.
Full-year revenue dipped to $681.8 million, down from $890.6 million in 2023.
Image credit:Frank Minjarez,Kindel Media
