Amazon buying iRobot for 1.7 Billion here's why

Amazon buying iRobot for 1.7 Billion, here's why

iRobot is an American-based company that has over 30 years of Robotic experience in Home robots.

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On Friday Amazon announced they agreed to acquire iRobot for approximately 1.7 billion USD.

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Now amazon going to add one more company to their collection of smart home appliances.

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Amazon said it will acquire iRobot for $61 per share in an all-cash transaction which is a huge deal.

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As we know iRobot sells its product worldwide and its most product is the Roomba vacuum.

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Due to this deal iRobot shares are increased by 19% and Amazon shares have down by 1.4% during midday.

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iRobot is running their platform on Amazon cloud service AWS and now we can expect more integration in their product.

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