Amazon to clean up by buying Roomba maker iRobot for $1.7 billion

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Amazon has agreed to amass iRobot, the corporate that makes the favored Roomba {family} of robotic vacuums.
Amazon pays $1.7 billion in an all-cash transaction.
The deal nonetheless wants standard y from iRobot shareholders and authorities regulators.

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Amazon is making one other three big acquisition that can make it a significant participant in a rising sensible home-based enterprise. The wholesale large simply introduced plans to purchase iRobot, house of the favored Roomba line of robotic vacuums.

iRobot was fashioned earlier than Amazon, again in 1990, {but} it solely launched its first Roomba robotic vacuum in 2002. The product, which automated a usually boring family chore, turned the Roomba into a real family political name. The corporate offered 30 million Roombas by the terminate of 2020. Nevertheless, within the practically 20 years since its first {release}, different firms have entered the robotic vacuum market with some success, together with Roborock, Shark, and Eufy. Amazon’s transform to purchase iRobot may assist lengthen Roomba’s market share.

Learn extra: The most effective robotic vacuums

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Amazon pays $1.7 billion to buy iRobot in an all-cash transaction. Nevertheless, the deal received’t be closing till it will get standard y from iRobot’s shareholders, additionally being topic to regulatory standard y. Amazon didn’t announce an intending date for the deal to {close}. When and suppose it does, Colin Angle, the incumbent head of iRobot, will proceed to be CEO of the corporate.

That is simply the newest acquisition Amazon has made within the sensible house house. It purchased the Blink sensible safety digital camera firm in 2017 and the Ring sensible doorbell firm in 2018.


Danh mục: Gadgets

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