Amazon to acquire maker of Roomba vacuum for roughly $1.7 billion

Amazon is buying iRobot for $61 a share, an all-cash deal that values the Roomba maker at $1.7 billion, the businesses introduced Friday.

The deal will deepen Amazon's presence in shopper robotics. Amazon made a daring guess on the house final yr when it unveiled the Astro dwelling robotic, a $1,500 system that's outfitted with the corporate's Alexa digital assistant and might comply with customers round their dwelling.

iRobot, based in 1990 by Massachusetts Institute of Technology roboticists, is finest identified for making the Roomba, a robotic vacuum that may clear customers' flooring autonomously.

Shares of iRobot had been halted after the deal was introduced. Amazon's inventory was up about 0.2% in premarket buying and selling.

This is breaking information. Please examine again for updates.

based mostly on website supplies www.cnbc.com

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