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Right now Amazon and iRobot have entered right into a definitive merger settlement underneath which Amazon will purchase iRobot. Amazon will purchase iRobot for $61 per share in an all-cash transaction valued at roughly $1.7 billion, together with iRobot’s internet debt.
Completion of the transaction is topic to customary closing situations, together with approval by iRobot’s shareholders and regulatory approvals. On completion, Colin Angle will stay as CEO of iRobot.
“We all know that saving time issues, and chores take treasured time that may be higher spent doing one thing that prospects love,” mentioned Dave Limp, SVP of Amazon Units. “Over a few years, the iRobot group has confirmed its capacity to reinvent how folks clear with merchandise which are extremely sensible and ingenious—from cleansing when and the place prospects need whereas avoiding widespread obstacles within the dwelling, to robotically emptying the gathering bin. Prospects love iRobot merchandise—and I’m excited to work with the iRobot group to invent in ways in which make prospects’ lives simpler and extra pleasing.”
“Since we began iRobot, our group has been on a mission to create modern, sensible merchandise that make prospects’ lives simpler, resulting in innovations just like the Roomba and iRobot OS,” mentioned Colin Angle, chairman and CEO of iRobot. “Amazon shares our ardour for constructing considerate improvements that empower folks to do extra at dwelling, and I can’t consider a greater place for our group to proceed our mission. I’m massively excited to be part of Amazon and to see what we will construct collectively for purchasers within the years forward.”
Editor’s Be aware: This story is growing. This story can be up to date quickly with new info.
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