The companies announced on Friday that they had agreed to purchase the vacuum cleaner manufacturer for $61 per share. However, shareholders and regulators still have to agree.
The world’s largest online retailer Amazon wants to take over the US company iRobot, known for its self-propelled Roomba vacuum cleaners. The companies announced Friday that they had agreed a purchase price of $61 per share. This means that iRobot, including its outstanding debts, is valued at around 1.7 billion dollars (1.67 billion euros). Amazon wants to pay the sum in cash. However, shareholders and regulators still have to agree.
iRobot is a consumer tech company specializing in service robots and home automation. The company was founded in 1990 by three researchers from a computer science laboratory at the top US university, the Massachusetts Institute of Technology (MIT), and went public on the US technology exchange in 2003 Nasdaq. A year earlier, iRobot released the Roomba automatic vacuum cleaner, which also appears as a cat transporter in many viral internet videos.
(APA)