Alexa! Start my Roomba: Amazon buys robot vacuum maker for $1.7 billion

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Reuters UK

By Akash Sriram (Reuters) – Amazon.com Inc will acquire iRobot Corp, maker of robotic vacuum cleaner Roomba, in an all-cash deal for about $1.7 billion, in the latest push by the World’s largest online retailer to expand its stable of smart home devices. Amazon will pay $61 per share, valuing iRobot at a premium of 22% to the stock’s last closing price of $49.99. iRobot’s shares rose 19% in early Friday trading to $59.56. At its peak during pandemic lockdowns, iRobot was trading at more than twice that price as hygiene-conscious consumers invested in premium vacuum cleaners. Amazon already own…

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