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Amazon is buying Roomba maker iRobot for $1.7 billion in cash


TL;DR: Amazon in a surprise announcement said it has agreed to acquire Roomba maker iRobot. The all-cash transaction is valued at approximately $1.7 billion, or $61 per share, and represents a 22 percent premium over iRobot's closing price of $49.99 at the end of trading on Thursday.

The deal gives Amazon a stronger foothold in the field of robots. Last year, the e-commerce giant launched a consumer home robot named Astro designed to serve as a mobile security camera, an entertainment hub and a communications tool.

The Wi-Fi connected, Snapdragon-powered bot features stereo speakers, dual cameras, a 10-inch touchscreen and even a USB-C port. Astro can only be purchased by invite and will set you back $999.99 during the ongoing introductory period. After that, expect to pay $1,449.99 for an opportunity that not everyone believes is ready for mainstream audiences.

Amazon has also ...


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