Amazon Announces $1.7 Billion Acquisition of iRobot

Video Credit: Wibbitz Top Stories
Published on August 5, 2022 - Duration: 01:31s

Amazon Announces $1.7 Billion Acquisition of iRobot

Amazon Announces $1.7 Billion , Acquisition of iRobot.

On August 5, Amazon revealed a $1.7 billion all-cash deal to purchase Roomba maker iRobot.

On August 5, Amazon revealed a $1.7 billion all-cash deal to purchase Roomba maker iRobot.

NBC reports that the deal will strengthen Amazon’s presence in the consumer robotics market.

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Last year, Amazon unveiled the Astro home robot which comes equipped with Alexa and has the ability to follow consumers around their homes.

Last year, Amazon unveiled the Astro home robot which comes equipped with Alexa and has the ability to follow consumers around their homes.

In 2018, the company acquired Ring, adding connected doorbells to an array of Amazon smart home devices.

Customers love iRobot products — and I’m excited to work with the iRobot team to invent in ways that make customers’ lives easier and more enjoyable, Dave Limp, Amazon’s hardware devices chief, via NBC.

The acquisition of iRobot is Amazon's fourth-largest deal.

In 2017, Amazon purchased Whole Foods for $13.7 billion.

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In 2021, Amazon acquired film studio MGM for $8.45 billion.

Last month, the company announced its $3.9 billion acquisition of boutique primary-care provider One Medical.

NBC reports that the purchase of iRobot still needs to be approved by regulators and iRobot shareholders


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💡 newsR Knowledge: Other News Mentions


Metro-Goldwyn-Mayer

American media company


Roomba

Series of autonomous robotic vacuum cleaners sold by iRobot

1Life Healthcare

American healthcare company based in San Francisco, California

Amazon Alexa

Voice assistant developed by Amazon

Whole Foods Market

American natural and organic foods supermarket chain and subsidiary of Amazon

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