Amazon acquires Roomba robot vacuum makers, YES

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Kunal

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An update for all the LEARNERS, tech enthusiasts and Business enthusiasts.

Amazon is going to buy iRobot for $61 per share in a cash-only transaction. Think about what you would do if you had $1.7 billion in cash in your hands.

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Amazon Buys Robos

Amazon Buys Robos

This gives the deal a value of about $1.7 billion. In a letter to shareholders, Amazon.com's (NASDAQ:AMZN) founder and CEO Jeff Bezos wrote that after considering more than 100 companies

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Amazon iRobots

Amazon iRobots

the company chose iRobot because they are in complementary businesses and have "a culture of.

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Once the deal is finalised and approved by regulators, it is unclear how iRobot will be integrated into Amazon. However, Amazon plans to retain Colin Angle in his role as CEO of iRobot.

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once a deal of cleaner with amazon.com

Since its founding (iRobot) in 2002, iRobot has been at the forefront of robot vacuum development, selling millions of units to consumers around the world with its popular Roomba models.

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Amazon did it becz..

iRobot's latest iRobot OS is a platform for its robot vacuums and mops that is powered by artificial intelligence (AI). It came out earlier this year.

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In less than a year after releasing its own Astro robot, Amazon has signed a partnership with iRobot.

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Amazon Buys Robos

Amazon Buys Robos

Other than that we love you!

Shoe

iRobot is the company that makes the Roomba robot vacuum. Amazon will buy iRobot for $61 per share in a cash-only transaction..

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Okay, Have a nice day!

Shoe

The deal is valued at about $1.7 billion, Jeff Bezos said in a letter to shareholders.

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