Amazon's EU approval for its acquisition of iRobot is imminent, with the company's shares trading up 39%.

• On Friday, iRobot's shares dropped approximately 39% after news emerged that the European Union is likely to greenlight Amazon's acquisition of the company.
• According to Reuters, the deal is expected to receive unconditional EU antitrust approval, as reported by three sources.
• The deal is still under review by the U.S. Federal Trade Commission.

On Friday, shares of iRobot, the manufacturer of Roomba vacuums, experienced a 39% decline in value following news that the European Union is likely to greenlight Amazon's $1.7 billion acquisition of the company.

According to Reuters, the deal is expected to receive unconditional EU antitrust approval, as three sources familiar with the matter have stated. The European Commission is scheduled to make a ruling on the matter by February 14th.

The European Commission did not immediately respond to CNBC's request for comment.

The FTC is still reviewing the deal, while the U.K.'s CMA stated in June that it would not significantly reduce competition in the U.K.

shares were flat.

In August 2022, Amazon revealed its plans to purchase iRobot for $61 per share in a cash-only transaction.

Amazon's latest acquisition marks its fourth-largest deal, following its $13.7 billion purchase of Whole Foods in 2017, its $8.45 billion acquisition of MGM in 2021, and its $3.9 billion acquisition of One Medical, announced last July.