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

1 week ago Cyprus Mail CyprusMail Warm

Amazon’s connected device cart grows with $1.7...

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...

Click to view: Daily Cyprus News Headlines - Live

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

Article Tags: #amazon #connected #device #grows #billion #roomba #maker

Popular Today

Girl aged 3 dies after being found unconscious in hotel pool
Police are investigating the death of a three-year-old girl who was found floating unconscious in a hotel swimming pool in Kato Paphos on Sunday....
Reminder: Public holiday in Cyprus today
Cyprus marks one of the most important days in the Greek Orthodox calendar today, the Feast of the Dormition of the Theotokos...
Burglar tries to enter three homes, nabbed on the spot by...
Police caught a burglar red-handed trying to break into three different homes at a housing complex in the Famagusta area in the early hours of...
Fandom swords drawn over prequels
The prequels to Game of Thrones and Lord of the Rings have got off to a rocky start says Constantinos Psillides Swords are drawn, axes are...
Japan PM promises to never again wage war, ministers...
Japan’s premier Fumio Kishida vowed to never again wage war on the anniversary of Japan’s World War Two surrender while members of...
Breakwaters: A coastline coated with rocks
As they spring up everywhere, environmentalists question the value of breakwaters as the answer to maintaining sandy beaches and preventing...

Trending Cyprus News

Man restrains woman passenger shouting ‘Allahu Akbar’ on...
A British tourist is being hailed for restraining a woman on a Jet2 flight from Larnaca to Manchester this week after she ran in her underwear...
Girl aged 3 dies after being found unconscious in hotel pool
Police are investigating the death of a three-year-old girl who was found floating unconscious in a hotel swimming pool in Kato Paphos on Sunday....
Traffic at Larnaca airport restored after minor accident
Traffic has been restored at Larnaca airport after it was diverted because of an accident that took place at the airport’s runway earlier on...
Paphos set to roll out 27,000 smart water meters
The Municipality of Paphos is proceeding with the replacement of existing water clocks with a total of more than 27,000 smart meters. The...
Thinking of changing your GP? Do it now
Beneficiaries of the General Health System who are not satisfied with their General Practitioner should act now, as, at the end of the month, they...
Reminder: Public holiday in Cyprus today
Cyprus marks one of the most important days in the Greek Orthodox calendar today, the Feast of the Dormition of the Theotokos...
Latest Cyprus Vaccination News Updates...
Read the latest vaccination headlines from all news sources together in one place - updated 24/7...