Amazon to buy vacuum maker iRobot for roughly $1.7B

iRobot sells its products worldwide and is most famous for the circular-shaped Roomba vacuum, which would join voice assistant Alexa, the Astro robot and Ring security cameras and others in the list of smart home features offered by the Seattle-based e-commerce and tech giant.

The company hasn't had much success with household robots, but the iRobot acquisition and the company's strong market reputation provide a “massive foothold in the consumer robot market” that could help Amazon replicate the success of its Echo line of smart speakers, said Lian Jye Su, a robotics industry analyst for ABI Research.

Amazon said it will acquire iRobot for $61 per share in an all-cash transaction that will include iRobot's net debt. The company has total current debt of approximately $332.1 million as of July 2. The deal is subject to approval by shareholders and regulators. Upon completion, iRobot's CEO, Colin Angle, will remain in his position.

“The last thing American and the world needs is Amazon vacuuming up even more of our personal information,” said Robert Weissman, president of the progressive consumer rights advocacy group Public Citizen. Last month, Sen. Amy Klobuchar, D-Minn., who heads the Senate Judiciary antitrust panel, urged the the Federal Trade Commission to investigate the One Medical acquisition, in the mold of other critics who've called on regulators to block the purchase over concerns about Amazon's past conduct and potential implications for consumers' health data. Regulators also have discretion to challenge Amazon's $8.

Source: News Formal (newsformal.com)

This is what I use. Saved myself $1,699,999,970!

Now they can spy on you outside as well as inside.

Designed for lazy ppl who have no appreciation for physical hard work. Sad mentality. Replies ignored

I have one, wont upgrade until it also mops and empties itself.

I could have sworn they were only a couple hundred dollars …. Inflation is unbearable! Thanks for nothing Trudeau !!

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