Amazon calls off acquisition of iRobot

Amazon has decided to cancel its acquisition of iRobot, citing the deal as being more trouble than it's worth. The EU's concerns also played a role in this decision. The data argument for the deal did not seem compelling, as data is easily accessible and it's the utilization of the data that matters. There is a growing concern over antitrust regulations, especially for big tech companies like Amazon. However, the cancellation of this deal does not significantly impact Amazon, as they only have to pay a $94 million breakup fee, which is a small fraction of their cash on hand.