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Amazon has bought iRobot for $1.7 billion.<\/p>\n
The tech giant has signed an agreement to acquire the company behind the Roomba robot vacuum cleaner and will take on iRobot for $61 per share in an all-cash transaction.<\/p>\n
Amazon said: \u201cSince introducing the Roomba vacuum in 2002, iRobot has continued to delight customers with every product generation, saving customers valuable time previously spent on household chores. <\/p>\n
\u201cOn Friday (05.082.22) Amazon (Nasdaq: AMZN) and iRobot (Nasdaq: IRBT) announced that they have entered into a definitive merger agreement under which Amazon will acquire iRobot. <\/p>\n
\u201ciRobot has a history of making customers\u2019 lives easier with innovative cleaning products for the home. iRobot has continued to innovate with every product generation, solving hard problems to help give customers valuable time back in their day\u2026\u201d<\/p>\n
Meanwhile, iRobot explained that since their launch, they have been on a \u201cmission\u201d to make the lives of customers easier and selling the business to Amazon will help in continuing to fulfil that goal.<\/p>\n
Colin Angle, chairperson and CEO of iRobot, said: \u201cSince we started iRobot, our team has been on a mission to create innovative, practical products that make customers\u2019 lives easier, leading to inventions like the Roomba and iRobot OS. <\/p>\n
\u201cAmazon shares our passion for building thoughtful innovations that empower people to do more at home, and I cannot think of a better place for our team to continue our mission. I\u2019m hugely excited to be a part of Amazon and to see what we can build together for customers in the years ahead.\u201d<\/p>\n
Dave Limp, SVP of Amazon Devices, said: \u201cOver many years, the iRobot team has proven its ability to reinvent how people clean with products that are incredibly practical and inventive \u2013 from cleaning when and where customers want while avoiding common obstacles in the home, to automatically emptying the collection bin. <\/p>\n
\u201cCustomers love iRobot products \u2013 and I\u2019m excited to work with the iRobot team to invent in ways that make customers\u2019 lives easier and more enjoyable.\u201d<\/p>\n
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