Robotic vacuum cleaner manufacturer will also lay off 10% of its workers as sales slump.
Amazon said Friday it is buying iRobot, known for its self-operating Roomba vacuum cleaner, for $1.7 billion.
"We know that saving time matters, and chores take precious time that can be better spent doing something that customers love," said Dave Limp, senior vice president of Amazon Devices in a statement. "Amazon shares our passion for building thoughtful innovations that empower people to do more at home, and I cannot think of a better place for our team to continue our mission," Angle said in a statement. Raymond James technology analyst Brian Gesuale said the deal makes sense for both companies, noting that iRobot has grown into a major player in the smart-home ecosystem. It also has a sizable and growing customer base, with nearly 16 million users of its devices.
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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 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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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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Amazon to buy vacuum maker iRobot for roughly $1.7BTECH BUYOUT - Amazon says it will acquire the company for $61 per share in an all-cash transaction that will include iRobot's net debt.
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Amazon to buy vacuum maker iRobot for roughly $1.7BAmazon on Friday announced it has entered into an agreement to acquire the vacuum cleaner maker iRobot for approximately $1.7 billion.
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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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