Amazon and iRobot signed an agreement Thursday under which Amazon will acquire iRobot, supporting the online retail giant’s ambitions to solidify its foothold on smart home technology, according to The Wall Street Journal.
iRobot makes the popular home-cleaning product Roomba, a wireless smart-vacuum that maps spaces to clean dust and messes, according to the WSJ. The Amazon-iRobot press release notes that Amazon will acquire iRobot for $61 per share in an all-cash transaction valued at approximately $1.7 billion, including iRobot’s net debt.
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