Sat. Feb 24th, 2024

iRobot’s Roomba.

Supply: iRobot

Shares of iRobot, the maker of Roomba vacuums, closed up about 39% Friday after a report stated the European Union is about to approve Amazon’s $1.7 billion acquisition of the corporate.

Reuters stated Thursday morning the deal is about to “win unconditional EU antitrust approval,” citing three sources acquainted with the matter. The European Fee is predicted to rule on the deal by Feb. 14.

Representatives from the European Fee did not instantly reply to CNBC’s request for remark.

The deal remains to be underneath evaluation by the U.S. Federal Commerce Fee. The U.Ok.’s Competitors and Markets Authority stated in June the deal wouldn’t lead to “a considerable lessening of competitors” within the U.Ok.

Amazon shares have been flat.

Amazon introduced its intention to accumulate iRobot in August 2022 for $61 a share in an all-cash deal.

The acquisition marks Amazon’s fourth-largest deal, behind its $13.7 billion buy of grocery chain Complete Meals in 2017, its $8.45 billion buy of movie studio MGM in 2021 and its $3.9 billion acquisition of boutique primary-care supplier One Medical, introduced final July.

— CNBC’s Annie Palmer contributed to this report.

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