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


FILE PHOTO: The logo of Amazon is seen at the company's logistics center in Bretigny-sur-Orge, near Paris, France, December 7, 2021. REUTERS/Gonzalo Fuentes/File Photo

(Reuters) -Amazon.com Inc will acquire iRobot Corp, maker of the 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.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Anthropic's Mythos sends US banks rushing to plug cyber holes
Canvas' parent company reaches agreement with hacking group behind breach
OpenAI gives European companies access to its latest models to bolster resilience
Netflix spent over $135 billion on film, TV over last decade
Tesla’s robotaxi rollout features Texas-sized wait times
EBay rejects GameStop's $56 billion bid as 'neither credible nor attractive'
TikTok challenges EU 'gatekeeper' status at Europe's top court
OpenAI chief Altman denies Elon Musk's claim he betrayed ChatGPT maker's mission
Samsung Elec union threatens to walk out of pay talks if no mediation proposal
Maker of Canvas learning platform strikes deal for hackers to return data

Others Also Read