https://www.foxbusiness.com/economy/irobot-co-founder-says-ftcs-opposition-amazon-deal-wrong-minded-following-bankruptcy-filing
The bankruptcy filing follows the termination of iRobot's proposed $1.4 billion acquisition by Amazon, which was abandoned in January 2024 amid a probe by the Federal Trade Commission (FTC) – led by Lina Khan – and European regulators. The FTC's antitrust investigation was focused on Amazon's ability to favor its own products over its rivals.
iRobot co-founder and former CEO Colin Angle told FOX Business in an interview that the FTC's decision to oppose the merger struck him as "wrong-minded" and harmful in retrospect.
"I bet if you asked almost anyone prior to the blocking of the deal with iRobot: Would you rather see iRobot innovating like crazy, coming out with new and better robots for your home, or would you like to see it file for Chapter 11 in the process of being sold to a Chinese manufacturer?" he said. "The wrong thing probably happened."