Amazon and iRobot announce that they have reached a mutual agreement to terminate the previously announced project, originally signed on August 4, 2022, under which Amazon would have acquired iRobot for cash consideration.

"This proposed acquisition has no path to regulatory approval in the European Union, preventing Amazon and iRobot from moving forward together, a loss for consumers, competition and innovation," they explain.

The two companies have therefore signed an agreement that resolves all outstanding issues in the transaction, including Amazon's payment to iRobot of the previously agreed termination fee.

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