Amazon to buy Roomba-maker iRobot for about $1.7 billion
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Prompts on how to use Amazon's Alexa personal assistant are seen as a wifi-equipped Roomba begins cleaning a room in an Amazon ‘experience center’ in Vallejo, California, U.S., May 8, 2018. REUTERS/Elijah Nouvelage/File Photo
Aug 5 (Reuters) – Amazon.com Inc (AMZN.O) 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.
Reporting by Akash Sriram in Bengaluru; Editing by Arun Koyyur
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Source:www.reuters.com
