Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action news and analysis.

Good afternoon. Today is Monday, January 29th I'm your host Kim Khan. Our top story so far.

IRobot plunged after Amazon and the Roomba Maker mutually agreed to terminate the plan 1.4 billion dollar agreement.

IRobot CEO is also leaving and the company will cut 31% of its workforce.

IRobot said it will cut about 350 employees in total. Under the terms of the merger agreement

Amazon will pay iRobot a $94 million termination fee. Colin Engel,

Board Chairman and CEO of i-Robot has stepped down.

Glenn Weinstein, I-Robot's Executive Vice President and Chief Legal Officer, has been appointed interim CEO.

The deal termination comes as Amazon and I-Robot struggled to gain approval from regulators, especially

in the US and Europe.

Media reports earlier this month indicated that the European Union was expected to block

the deal, and Bloomberg reported that the Federal Trade Commission

was drafting a lawsuit that would seek to stop the deal.

Undue and disproportionate regulatory hurdles discourage entrepreneurs who should be able

to see acquisition

as one path to success and that hurts both consumers and competition,

the very things that regulators say they're trying to protect.

David Zepolsky, Amazon Senior Vice President and General Counsel, said in a separate statement.

In other news of note, Bud is coming back to the Super Bowl.

Anheuser-Bush Inbev is expected to return to advertising during the Super Bowl with

150 seconds of airtime during what will be likely the most watched event of the

year. The Beer Giant will air a commercial for Budweiser with the iconic Clydesdales

...