The Federal Trade Commission (FTC) issued a statement on January 31 local time expressing "happiness" at Amazon and iRobot's abandonment of the proposed transaction, and stating that the investigation revealed significant concerns about the potential competitive impact of the transaction. On January 29th, Amazon announced the termination of its $1.4 billion acquisition plan for sweeping robot manufacturer iRobot, stating that the acquisition plan did not receive approval from EU regulatory agencies.