The company sells its robots worldwide and is most famous for the circular-shaped Roomba vacuum.
NEW YORK — Amazon on Friday announced it has agreed to acquire the vacuum cleaner maker iRobot for approximately $1.7 billion, scooping up another company to add to its collection of smart home appliances amid broader concerns about its market power.
Amazon’s Astro robot, which helps with tasks like setting an alarm, was unveiled last year at an introductory price of $1,000. But its rollout has been limited and has received a lackluster response. On Friday, iRobot reported its quarterly results. Revenue plunged 30% primarily on order reductions and delays, and the company announced it was laying off 10% of its workforce.
On Friday, groups advocating for stricter antitrust regulations called on regulators to block the iRobot merger, arguing it gives Amazon more access into consumers’ lives and furthers its dominance in the smart home market. Landmark antitrust legislation targeting Amazon and other Big Tech companies has languished for months in Congress as prospects for votes by the full Senate or House have dimmed.
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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 Roomba maker iRobotAmazon's deal also helps to shore up iRobot as the Roomba maker faces new challenges.
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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 Roomba maker iRobot for $1.7 billion | Digital TrendsAmazon has announced that it intends to purchase iRobot — maker of Roomba robot vacuums — for $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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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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