Amazon will acquire iRobot in an all-cash deal for about $1.7 billion, the robot vacuum cleaner maker said on Friday.Â
By Reuters | Updated: 5 August 2022 18:24 IST
Amazon will acquire iRobot in an all-cash deal for about $1.7 billion, the robot vacuum cleaner maker said on Friday. The world’s largest online retailer will acquire the firm for $61 (nearly Rs. 4800) per share, valuing the company at a premium of 22 percent from the stock’s last closing price.
On completion of the deal, Colin Angle will remain as the chief executive of iRobot.
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