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Wednesday, August 10, 2022
Hometech newsAmazon to Buy Roomba-Maker iRobot for About $1.7 Billion | Technology News

Amazon to Buy Roomba-Maker iRobot for About $1.7 Billion | Technology News


Amazon will acquire iRobot in an all-cash deal for about $1.7 billion, the robot vacuum cleaner maker said on Friday.

By Reuters | Updated: 5 August 2022 18:24 IST

Amazon to Buy Roomba-Maker iRobot for About $1.7 Billion

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Amazon will acquire iRobot in an all-cash deal for about $1.7 billion, the robot vacuum cleaner maker said on Friday. The world’s largest online retailer will acquire the firm for $61 (nearly Rs. 4800) per share, valuing the company at a premium of 22 percent from the stock’s last closing price.

On completion of the deal, Colin Angle will remain as the chief executive of iRobot.

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