Amazon to buy Roomba-maker iRobot for about $1.7 billion
The world's largest online retailer will acquire the firm for $61 per share, valuing the company at a premium of 22% from the stock's last closing price.
- Aug 5, 2022,
- Updated Aug 5, 2022 6:09 PM IST
Amazon.com Inc 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 per share, valuing the company at a premium of 22% 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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Amazon.com Inc 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 per share, valuing the company at a premium of 22% from the stock's last closing price.
On completion of the deal, Colin Angle will remain as the chief executive of iRobot.
For Unparalleled coverage of India's Businesses and Economy – Subscribe to Business Today Magazine