Amazon said on Monday that it was abandoning plans to buy iRobot, the maker of the self-driving Roomba vacuum, after regulators raised concerns the deal would hurt competition. The announcement is a rare admission of defeat by Amazon, which has in recent years acquired an eclectic mix of companies such as Whole Foods and MGM…
Spirit Airlines, once a fast-growing low-cost carrier, is struggling to convince investors that it has a clear path forward after an antitrust ruling blocked the sale of the company to JetBlue Airways. A federal judge in Boston blocked the proposed merger on Tuesday, concurring with the Justice Department that the deal would hurt consumers by…
Back in the 1980s, it seemed as if everyone with a spare quarter was playing the arcade game Donkey Kong, scooting up ramps and climbing ladders while avoiding barrels hurled by a giant ape. For most players, the video game provided a few minutes of excitement before inevitable defeat. But a handful of top players…
Synopsys, a key Silicon Valley supplier to the chip industry, said on Tuesday that it had agreed to pay $35 billion for Ansys, a Pennsylvania company that makes software used to simulate and analyze product designs for electronics manufacturers, car makers, defense contractors and others. The deal, which was struck for a combination of cash…
