Amazon’s connected device cart grows with $1.7 billion deal for Roomba maker

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Amazon’s connected device cart grows with $1.7...
 © CyprusMail 2022

Amazon.com Inc (AMZN.O) will acquire the maker of robot vacuum cleaner iRobot Corp (IRBT.O) in an all-cash deal for about $1.7 billion, in the latest push by the world’s largest online retailer to add to its cart of smart home devices.

Amazon will pay $61 per share, valuing iRobot at a premium of 22 per cent from the stock’s last closing price of $49.99.

At its peak, the Roomba maker traded at $197.4 as hygiene-conscious consumers invested in premium robot vacuum cleaners during pandemic lockdowns.

Besides sweeping up dirt, the Roomba vacuums that costs as much as $1,000...


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Article automatically added to our system on Saturday, August 6, 2022

Amazon’s connected device cart grows with $1.7 billion deal for Roomba maker


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