AXIOS January 29, 2024
Regulators on the other side of the Atlantic are cracking down on U.S. businesses.
The big picture: Amazon and iRobot’s pulled deal Monday is just the latest example of Europe’s tough stance on competition reviews.
Driving the news: Amazon and the Roomba maker pulled the plug on their $1.4 billion merger, saying they saw “no path” for clearance in the EU.
- As part of the deal termination, Amazon will pay $94 million to iRobot, whose shares closed down 8.8%.
Meanwhile, in December, the breakup of Adobe’s massive Figma deal came on the heels of a U.K. regulator’s warning.
- And come March, Big Tech giants face a deadline to comply with the EU’s Digital Markets Act. It aims...
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