The European Union is gearing up for a formal probe of Amazon’s planned $1.7 billion acquisition of Roomba maker iRobot, the Financial Times reported Wednesday. The bloc’s investigators have privacy concerns about how the Roomba operates, including the vacuum robot’s ability to take pictures inside users’ homes, according to the report. EU regulators have sent Amazon a series of detailed...
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Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals.
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