Shares of , the maker of Roomba vacuums, closed up about 39% Friday after a report said the European Union is set to approve Amazon’s $1.7 billion acquisition of the company.
said Thursday morning the deal is set to “win unconditional EU antitrust approval,” citing three sources familiar with the matter. The European Commission is expected to rule on the deal by Feb. 14.
Representatives from the European Commission didn’t immediately respond to CNBC’s request for comment.
The deal is still under review by the U.S. Federal Trade Commission. The U.K.’s Competition and Markets Authoritythe deal would not result in “a substantial lessening of competition” in the U.K.
shares were flat.
Amazonto acquire iRobot in August 2022 for $61 a share in an all-cash deal.
The acquisition marks Amazon’s fourth-largest deal, behind itsof grocery chain Whole Foods in 2017, its of film studio MGM in 2021 and its of boutique primary-care provider One Medical, announced last July.
— CNBC’s Annie Palmer contributed to this report.
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