Events

Amazon to buy vacuum maker iRobot for roughly $1.7B

today08/08/2022 14

Background
share close

NEW YORK (AP) — Amazon on Friday announced it has entered into an agreement to acquire the vacuum cleaner maker iRobot for approximately $1.7 billion.

It’s a move that will allow Amazon to scoop up another company to add to its collection of smart home appliances amid broader concerns about its market power. iRobot sells its products worldwide and is most famous for the circular-shaped Roomba vacuum. Amazon says it will acquire the company 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.

 

Source: AP – All contents copyright 2022 Associated Press.  All rights reserved.

 

Written by: Editor

Rate it

Previous post

Events

Traffic delays expected from Delaware Memorial Bridge work

WILMINGTON, Del. (AP) — Drivers are being warned to expect traffic delays when a major construction project to completely rebuild the driving surface of the Delaware Memorial Bridge begins next month. The News Journal reports that the project will remove the top two inches of the northbound (New Jersey-bound) side of the bridge deck and replace it with an "ultra high-performance concrete." The Delaware River and Bay Authority said the […]

today08/08/2022 36


0%