IRobot legal chief Glen Weinstein has been with the company since 2000. Courtesy photo IRobot's Top Lawyer Takes CEO Reins After Failed Amazon Merger
Glen Weinstein will help stabilize iRobot now that it is retaining its independence. Resistance from European antitrust regulators scuttled Amazon's plan to buy it for $1.7 billion.
January 29, 2024 at 02:34 PM
4 minute read
Technology Media and Telecom
Glen Weinstein, longtime iRobot legal chief, will be taking over as interim CEO at the Roomba maker in the wake of its failed sale to Amazon.
The two companies on Monday said they decided to scrap the $1.7 billion deal, which had been in the works since August 2022, amid strong resistance from antitrust regulators in the European Union. In November, the EU's competition authority said it was concerned that the acquisition, which would have added the Roomba to Amazon's range of devices, would unfairly restrict competition in the market for robot vacuums. Amazon said it will pay iRobot a $94 million termination fee for walking way from the deal.
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