Amazon to buy vacuum maker iRobot for $1.66B

Roomba
iRobot Roomba automatic floor cleaner, Photo Date: 5/31/2014
Karlis Dambrans / CC BY 2.0

Seattle, WA (ABC News) — Amazon on Friday announced it has entered into an agreement to acquire the vacuum cleaner maker iRobot for approximately $1.66 billion.

The company sells its robots worldwide and is most famous for the circular-shaped Roomba vacuum.

Amazon said it will acquire iRobot for $61 per share in an all-cash transaction that will include iRobot’s net debt of about $275.6 million. The deal is subject to approval by shareholders and regulators.

Upon completion, iRobot’s CEO, Colin Angle, will remain in his position.

Separately, Bedford, Massachusetts-based iRobot reported its quarterly results. Revenue plunged 30% on order reductions and delays, and the company announced it was laying off 10% of its workforce.

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