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iRobot Is Being Acquired by Amazon for $1.7 Billion. iRobot Stock Soars.

·1 min read
iRobot Is Being Acquired by Amazon for $1.7 Billion. iRobot Stock Soars.

The tech giant said Friday it was buying smart vacuum cleaner company, iRobot marking its second deal in about the last two weeks. iRobot (ticker: IRBT) is being acquired in an all-cash transaction for roughly $1.7 billion, including debt. The deal works out at $61 a share and is about a 22% premium to iRobot’s closing price on Thursday.