Amazon is buying Roomba maker iRobot for $1.7 billion.
Details:iRobot investors will receive $61 a share, a 22% premium to iRobot's closing price on Thursday.
The big picture:by about 30%Alongside the results, iRobot also announced that approximately 140 people would be losing their jobs, or 10% of its workforce.This year's Prime Day sales event was the eighth consecutive to feature the product prominently.
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Amazon buys Roomba maker iRobot in $1.7B deal, its newest expansion into home devicesAmazon has acquired robotics manufacturer iRobot -- famous for its 'Roomba' --- for a whopping $1.7B, showing their commitment to the home device and robotics markets.
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Amazon to Acquire Maker of Roomba Vacuum for Roughly $1.7 BillionAmazon is acquiring iRobot for $61 a share, an all-cash deal that values the Roomba maker at $1.7 billion, the companies announced Friday.
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Amazon to acquire maker of Roomba vacuum for roughly $1.7 billioniRobot, founded in 1990 by Massachusetts Institute of Technology roboticists, is best known for making the Roomba, a robotic vacuum that can clean consumers’ floors autonomously.
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Amazon to buy vacuum maker iRobot for roughly $1.7BThe company iRobot sells its products worldwide and is most famous for the circular-shaped Roomba vacuum.
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