iRobot abandon merger in face of EU opposition - The

and iRobot have announced the termination of their merger plans due to opposition from EU antitrust regulators. iRobot is implementing a significant restructuring plan, including a workforce reduction of 31% and the departure of founder Colin Angle as CEO. 's proposed $1.4 billion acquisition of iRobot was unable to gain regulatory approval in the European Union.

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iRobot abandon merger in face of EU opposition, Marketing & Advertising News, ET BrandEquity