Amazon to buy vacuum maker iRobot for $1.66B

Published August 5, 2022 5:38 AM

HALELUYA HADERO

Amazon on Friday announced it has entered into an agreement to acquire the vacuum cleaner maker iRobot for approximately $1.66 billion. The company sells its robots worldwide and is most famous for the circular-shaped Roomba vacuum. Amazon said it will acquire iRobot for $61 per share in an all-cash transaction that will include iRobot’s net debt. The deal is subject to approval by shareholders and regulators. Upon completion, iRobot’s CEO, Colin Angle, will remain in his position.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

News Channel 3 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.