One of the world’s largest shopping companies Amazonwill be on the agenda with the news of an important acquisition in 2022. brought.
Amazon, It was continuing its investments with the great financial power it had and in 2022 roomba Known for robot vacuum cleaners iRobot his company He announced that he purchased it for 1.7 billion dollars.. However, this purchase has been canceled as of today because the European Union-based regulatory authorities, had recently threatened to block the deal over competition. It was thought that this acquisition would negatively affect competition in Europe, and therefore the merger was definitely not welcomed. That’s why the process has been officially ended, according to the statement. Amazon also agreed to pay $94 million to iRobot for termination of the agreement. Meanwhile, iRobot today, as part of a restructuring, 350 employeesannounced that it would lay off 1,000, or approximately 31 percent of its workforce. In addition, iRobot’s Chairman and CEO Colin Angle also stated that he will leave his position. This development is not the only purchase cancellation originating from Europe that we have seen recently. One of the largest software companies in the world Adobe, As you may remember, he announced that he acquired Figma in 2022. However, this purchase was also canceled later.. As a result of this situation, Adobe had to pay a termination fee of $1 billion in cash to Figma. “With the great financial power it has, it is on its way to becoming a great monopoly in the design world.” is one of the names in which the phrase “” is frequently used. Adobe, made a big impact with its acquisition of the common design platform Figma. In that case The company signed a 20 billion dollar agreement. Even though he waited for a long time to purchase Figma, he could not fully complete it.
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Because the Competition and Markets Authority (CMA) in the UK, announced a decision stating that this acquisition would harm the market and consumers. The institution, which reached a temporary decision on this issue, put a major obstacle in Adobe’s complete completion of the acquisition. The review by the CMA revealed that around 80 per cent of the professional design market in the UK used Figma, and it was felt that the deal would clearly harm innovation in the field.