{"id":46966,"date":"2022-08-17T06:10:00","date_gmt":"2022-08-17T10:10:00","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=46966"},"modified":"2022-08-17T01:11:16","modified_gmt":"2022-08-17T05:11:16","slug":"amazon-com-inc-nasdaq-amzn-to-buy-irobot-for-1-7-billion-in-an-all-cash-deal","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/amazon-com-inc-nasdaq-amzn-to-buy-irobot-for-1-7-billion-in-an-all-cash-deal-46966","title":{"rendered":"Amazon.com, Inc (NASDAQ: AMZN) To Buy iRobot For $1.7 Billion in An All Cash Deal"},"content":{"rendered":"<p><b>Amazon.com, Inc (NASDAQ: AMZN)<\/b> has announced plans to buy iRobot for $61 per share in an all-cash transaction valuing the Romba manufacturer at around $1.7 billion.<\/p>\n<p>Amazon to buy iRobot as it bets on the robotics sector<\/p>\n<p>The agreement will strengthen Amazon&#8217;s position in consumer robotics. When it debuted the $1,449.99 Astro home robot in 2021, Amazon put a big bet on the market. The device has Alexa built in and can follow users about their homes. Additionally, it provides a wide range of smart home appliances, including thermometers and\u00a0voice-activated microwaves, in addition to interconnected doorbells after purchasing Ring in 2018.<\/p>\n<p>Amazon\u2019s hardware devices head Dave Limp stated, \u201cOver many years, the iRobot team has proven its ability to reinvent how people clean with products that are incredibly practical and inventive \u2014 from cleaning when and where customers want while avoiding common obstacles in the home, to automatically emptying the collection bin.\u201d<\/p>\n<p>The purchase ranks as Amazon&#8217;s 4th largest\u00a0transaction, trailing only its $13.7 billion acquisition of grocery store chain Whole Foods in 2017, the\u00a0$8.45 billion purchase of movie studio MGM in 2018, and the $3.9 billion announcement last month of its purchase of boutique primary-care firm\u00a0One Medical.<\/p>\n<p>Robotics experts at the Massachusetts Institute of Technology established iRobot in 1990. It is known primarily for creating the Roomba, an industrial robot vacuum introduced to users in 2002. Additionally, robotic pool cleaners and mops have been introduced. In addition to other services, iRobot&#8217;s membership program provides automatic equipment replacement.<\/p>\n<p><b>iRobot\u2019s revenue dropped 30%\u00a0 in Q2\u00a0<\/b><\/p>\n<p>Amazon is purchasing iRobot at such a moment when the maker of robots is experiencing significant challenges. Due mostly to &#8220;unanticipated order cutbacks, cancellations, and delays\u00a0from retailers in North America and Europe, the Middle East, and Africa, the company&#8217;s second-quarter results revealed a 30 percent fall in revenue from a year earlier.<\/p>\n<p>In 2020 and 2021, as people spent at home and flocked to robot vacuums to maintain their houses tidy, iRobot rose to become a Covid pandemic favorite.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amazon.com, Inc (NASDAQ: AMZN) has announced plans to buy iRobot for $61 per share in an all-cash transaction valuing the Romba manufacturer at around $1.7 [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":46653,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[9272,158,15701,15702,9273],"stock_ticker":[],"class_list":["post-46966","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-amazon-com-inc-nasdaq-amzn","tag-amzn","tag-amzn-news","tag-amzn-stock","tag-nasdaq-amzn","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Amazon.com, Inc (NASDAQ: AMZN) To Buy iRobot For $1.7 Billion in An All Cash Deal - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/amazon-com-inc-nasdaq-amzn-to-buy-irobot-for-1-7-billion-in-an-all-cash-deal-46966\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amazon.com, Inc (NASDAQ: AMZN) To Buy iRobot For $1.7 Billion in An All Cash Deal - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"Amazon.com, Inc (NASDAQ: AMZN) has announced plans to buy iRobot for $61 per share in an all-cash transaction valuing the Romba manufacturer at around $1.7 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/amazon-com-inc-nasdaq-amzn-to-buy-irobot-for-1-7-billion-in-an-all-cash-deal-46966\" \/>\n<meta property=\"og:site_name\" content=\"Wall Street PR\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WallStreetPR\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-17T10:10:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2022\/05\/Capture-3.png\" \/>\n\t<meta property=\"og:image:width\" content=\"724\" \/>\n\t<meta property=\"og:image:height\" content=\"446\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Benjamin Roussey\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Benjamin Roussey\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/amazon-com-inc-nasdaq-amzn-to-buy-irobot-for-1-7-billion-in-an-all-cash-deal-46966#article\",\"isPartOf\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/amazon-com-inc-nasdaq-amzn-to-buy-irobot-for-1-7-billion-in-an-all-cash-deal-46966\"},\"author\":{\"name\":\"Benjamin Roussey\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/e82d48e74e653b113f0f9186826f808d\"},\"headline\":\"Amazon.com, Inc (NASDAQ: AMZN) To Buy iRobot For $1.7 Billion in An All Cash Deal\",\"datePublished\":\"2022-08-17T10:10:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/amazon-com-inc-nasdaq-amzn-to-buy-irobot-for-1-7-billion-in-an-all-cash-deal-46966\"},\"wordCount\":338,\"publisher\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#organization\"},\"image\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/amazon-com-inc-nasdaq-amzn-to-buy-irobot-for-1-7-billion-in-an-all-cash-deal-46966#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2022\/05\/Capture-3.png\",\"keywords\":[\"Amazon.com Inc. 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