08/05/2022 Updated at 7:44 p.m. This functionality is only for subscribers Subscribe The e-commerce giant Amazon has reached an agreement to acquire iRobot, the manufacturer of the popular Roomba vacuum cleaner, for 1,700 million dollars (1,666 million euros), including the company’s debt . Specifically, Amazon will pay $61 in cash for each iRobot share, which is a 22% premium to the company’s closing stock price in Thursday’s session and values iRobot at about $1.7 billion. , including the manufacturer’s net debt. The closing of the transaction is subject to customary conditions, including iRobot shareholder approval and relevant regulatory clearances, the company said, noting that once the transaction is completed, Colin Angle will remain as iRobot CEO. . “For many years, the iRobot team has proven its ability to reinvent the way people clean with products that are incredibly convenient and ingenious,” said Dave Limp, senior vice president of Amazon Devices. “Since we started iRobot, our team has been on a mission to create innovative and practical products that make customers’ lives easier, which led to inventions like the Roomba and iRobot OS,” said Colin Angle, president and CEO of iRobot. “Amazon shares our passion for creating innovations that empower people to do more at home, and I can’t think of a better place for our team to continue our mission. I am very excited to be part of Amazon and to see what we can build together for customers in the years to come,” he added. See comments (0) Report a bug This functionality is only for subscribers Subscribe
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