This article was added by the user . TheWorldNews is not responsible for the content of the platform.

Amazon buys Roomba vacuum cleaner iRobot for $1.7 billion

On Friday, Amazon announced it would acquire iRobot, known for its self-driving Roomba vacuum cleaner, for $1.7 billion.

The e-commerce company disclosed iRobot's goal of making customers' lives "easier and more enjoyable" by eliminating time spent cleaning the house.

“Time savings are important, and we know that chores take up valuable time. That time could be better spent doing something our customers love. ,” said Dave Limp, senior vice president of Amazon Devices, in a statement. 

Amazon purchased iRobot for $61 per share in an all-cash transaction that included iRobot's net debt of approximately $275.6 million. Acquire. The transaction is subject to shareholder and regulatory approvals. Upon completion, his CEO of iRobot, Colin Angle, will remain in his position.

"Amazon shares our passion for building thoughtful innovations that enable people to do more in their homes, and our team is committed to our mission." I can't think of a better place to continue," Angle said in a statement. 

Separately, Bedford, Massachusetts-based iRobot reported quarterly results. Sales plummeted by 30% on falling orders and delayed orders, and the company announced it would lay off 10% of his workforce.

The company's share price has plunged over this one-year period, with him jumping more than 19% in early trading on Friday.

Thank you for reading CBS NEWS.

Create a free account or log in to
for more features.