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In the present day 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 web debt.

Completion of the transaction is topic to customary closing circumstances, 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 valuable time that may be higher spent doing one thing that prospects love,” mentioned Dave Limp, SVP of Amazon Gadgets. “Over a few years, the iRobot crew has confirmed its potential to reinvent how folks clear with merchandise which might be extremely sensible and ingenious—from cleansing when and the place prospects need whereas avoiding widespread obstacles within the house, to robotically emptying the gathering bin. Clients love iRobot merchandise—and I’m excited to work with the iRobot crew to invent in ways in which make prospects’ lives simpler and extra pleasurable.”

“Since we began iRobot, our crew has been on a mission to create progressive, 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 house, and I can not consider a greater place for our crew to proceed our mission. I’m vastly excited to be part of Amazon and to see what we will construct collectively for patrons within the years forward.”

Editor’s Observe: This story is creating. This story can be up to date quickly with new info.

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