Amazon to acquire Roomba robot vacuum maker iRobot for $1.7 billion

Amazon has signed an agreement to acquire iRobot, makers of Roomba robot vacuums. The deal is valued at approximately $1.7 billion, and Amazon will acquire iRobot for $61 per share in an all-cash transaction. “Customers love iRobot products — and I’m excited to work with the iRobot team to invent in ways that make customers’ lives easier and more enjoyable,” says Dave Limp, SVP of Amazon Devices. It’s not immediately clear how iRobot will be integrated into Amazon once the deal is finalized and cleared by regulators, but Amazon intends to keep Colin Angle as the CEO of iRobot.
Read more: https://www.theverge.com/2022/8/5/23293349/amazon-acquires-irobot-roomba-robot-vacuums?source=Snapzu