Amazon Buys iRobot For $1.7 Billion

Amazon really wants to own every smart device in your home as they’ve bought Ring and Eero to advance that agenda. Well, as of today you can add iRobot to that list. Here’s the press release:

Amazon will acquire iRobot for $61 per share in an all-cash transaction valued at approximately $1.7 billion, including iRobot’s net debt. Completion of the transaction is subject to customary closing conditions, including approval by iRobot’s shareholders and regulatory approvals. On completion, Colin Angle will remain as CEO of iRobot.

This is more that the billion or so that Amazon spent to get Ring. And you can pretty much bet that once this closes, integration of iRobot products with Alexa will be at the top of the list. Of course it will be interesting to see if regulators sign off on this deal as “big tech is evil” is a thing in Washington at the moment. Thus watch this space.

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