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Reason
Reason
Joe Lancaster

iRobot Faces Bankruptcy After Elizabeth Warren Helped Kill $1.65 Billion Amazon Merger

A struggling American manufacturer may soon face bankruptcy. This was not just the result of low sales, but of government regulators butting in.

Online retail giant Amazon announced in August 2022 that it had agreed to purchase iRobot, makers of Roomba robot vacuums, for $1.65 billion. The acquisition would expand Amazon's footprint in the smart home market, after it previously purchased video doorbell company Ring.

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