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Amazon to Purchase Maker of the Roomba for $1.7 Billion

TechAmazon to Purchase Maker of the Roomba for $1.7 Billion


Hey, Alexa, inform Roomba to hoover the bed room.

Amazon introduced on Friday that it had reached an agreement to purchase iRobot Corp., the maker of the Roomba robotic vacuum, for $1.7 billion, including to its rising roster of sensible dwelling merchandise.

“We all know that saving time issues, and chores take treasured time that may be higher spent doing one thing that clients love,” Dave Limp, senior vp of Amazon Units, mentioned in a press release asserting the acquisition.

Amazon will purchase iRobot, together with its debt, for $61 per share in an all-cash transaction, in keeping with the assertion. The acquisition can be Amazon’s fourth-largest acquisition after the corporate purchased Complete Meals for $13.7…



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