NewsWorldAmazon buys the company iRobot, manufacturer of the Roomba...

Amazon buys the company iRobot, manufacturer of the Roomba vacuum cleaner

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The e-commerce giant Amazon announced this Friday that it has agreed to buy the iRobot company, maker of the Roomba vacuum cleaner, for 1.7 billion dollars. In the note, the companies highlighted their intention to collaborate to “create innovations that empower people to do more at home” and make life easier for its customers, but they did not give more details. In 2002, iRobot launched the first Roomba, a programmable wireless vacuum cleaner that maps spaces to avoid obstacles and has become one of the best-selling products of Amazon. Amazon revealed that it plans to pay iRobot $61 per share and acquire its net debt in the transaction, which will have to be approved by shareholders and regulators. This is a significant premium over the company’s listing, which began the session this Friday with a value around 50 dollars and that has lost 30% of its capitalization in the last year. iRobot recently announced layoffs as part of a restructuring plan and disclosed poor results in its last quarter, in the that increased their losses and reduced their sales. In the middle of the session on the Wall Street stock market, after hearing the news, the value of iRobot shot up 19% while that of Amazon fell 1%.

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