Friday, 24 March, 2023

Amazon to acquire iRobot for $1.7B in all-cash deal

<p>Amazon will pay iRobot $1.7B to acquire the maker of the Roomba. The all-cash acquisition will cost the e-commerce giant $61 per share. After the acquisition is finalized, iRobot CEO Colin Angle will continue to lead the business. Massachusetts-based iRobot, which was established in 1990, went public in 2005. The manufacturer of consumer robots is most well-known for creating the Roomba, an automated vacuum cleaner.</p>