Roomba robot vacuums made by iRobot are displayed on a shelf at a Target store in San Rafael, California, on Aug. 05, 2022.
Justin Sullivan | Getty Images
Shares of iRobot plunged as much as 43% in extended trading on Thursday after a report said EU’s antitrust watchdog intends to block Amazon‘s planned acquisition of the Roomba maker.
The Wall Street Journal reported the European Commission met with Amazon representatives on Thursday to discuss the deal and was told the acquisition would likely be rejected, citing people familiar with the matter.
Amazon declined to comment. A representative from the European Commission didn’t immediately respond to a request for comment.
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This story originally appeared on CNBC
