26.6 C
New York
Monday, August 15, 2022

Amazon buys Roomba maker iRobot for $1.7 billion

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)

Related Articles

A.N. WILSON: How I betrayed Queen Mum after a merry evening of stupendous wines

The convention is that you should not repeat things said to you at the dinner table by the Royal Family. I do not really...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe

Latest Articles

A.N. WILSON: How I betrayed Queen Mum after a merry evening of stupendous wines

The convention is that you should not repeat things said to you at the dinner table by the Royal Family. I do not really...

Who Is He And How Does Norman Choi Think, The Man Who Brought De Tomaso Back To Life?

Three P72s with different V8 engines were presented at the “Le Mans Classic” last July. The brand’s CEO, Norman Choi, gave his first...

Liz Truss could revive pensioners’ petrol voucher scheme that was reportedly blocked by Rishi Sunak

Liz Truss will look at reviving a plan said to have been blocked by Rishi Sunak in which oil companies fund petrol vouchers for...