Tag: restrict
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iRobot shares plunge 19% after EU warns Amazon deal ‘may restrict competition’
iRobot’s Roomba. Source: iRobot Shares of iRobot plunged as much as 19% on Monday after the EU’s antitrust watchdog issued a warning that Amazon‘s planned $1.7 billion acquisition of the Roomba maker raises competition concerns. The European Commission opened an in-depth probe into the purchase in July, and is expected to rule on the deal…