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Amazon to buy Roomba-maker iRobot for US$1.7b

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Published Fri, Aug 5, 2022 · 08:24 PM
    • Amazon will acquire iRobot for US$61 per share, valuing the company at a premium of 22 per cent from the stock’s last closing price.
    • Amazon will acquire iRobot for US$61 per share, valuing the company at a premium of 22 per cent from the stock’s last closing price. PHOTO: BT FILE

    AMAZON.COM will acquire iRobot in an all-cash deal for about US$1.7 billion, the robot vacuum cleaner maker said on Friday (Aug 5).

    The world’s largest online retailer will acquire the firm for US$61 per share, valuing the company at a premium of 22 per cent from the stock’s last closing price.

    On completion of the deal, Colin Angle will remain as the chief executive of iRobot. REUTERS

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