iRobot Shares Plummet 17% Amid EU Antitrust Warning on Amazon’s $1.7 Billion Acquisition
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iRobot, renowned for its Roomba vacuum cleaner, witnessed a staggering 17% drop in shares following a stern warning from the European Union's antitrust regulator regarding Amazon's proposed $1.7 billion acquisition. The European Commission, engaged in an in-depth investigation since July, aims to finalize its decision on the deal by February 14. Expressing preliminary concerns, the commission asserted that the acquisition…