Amazon to acquire iRobot for $1.7B

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Amazon and iRobot have entered into a definitive merger agreement under which Amazon will acquire iRobot for approximately $1.7 billion, including iRobot’s net debt.

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, the companies said in a statement.

iRobot is the makers of consumer robotic cleaning products like mops and vacuum cleaners.

[Image courtesy: iRobot]