Friday, August 5, 2022

Amazon buys sweeping robot maker iRobot for $1.7 billion

heroineIt announced on the 5th that it would acquire iRobot, the maker of Roomba sweeping robots, in a cash transaction of approximately $1.7 billion.

Amazon said it would buy the company for $61 per share in cashMassachusettsThe company’s price is 22% higher than iRobot’s closing price on the US stock market on the 4th. Colin Angle will continue to be the CEO of iRobot.

heroine “I’m excited to be working with the team at iRobot to invent ways to make our customers’ lives easier and happier,” said Dave Limp, Senior Vice President of Devices.


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