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Amazon's $1.7 billion purchase of the company behind the Roomba shows it's leaning into home robots after its first experiment, Astro, was met with mixed reviews
2 days ago | By Business Insider
The Roomba, made by iRobot, has been on the market since 2002. iRobot
Amazon will buy Roomba-maker iRobot for $61 per share, or about $1.7 billion.
Roomba saw a pandemic-era boom, but revenue has dropped 30% since last year.
The deal signals Amazon's commitment to robotics following the launch of its home robot last year.
Amazon is making a big bet on robots with its latest acquisition. The e-commerce giant announced Friday that it's buying iRobot - the company behind Roomba - in an all-cash deal valued at roughly $1.7 billion. It's Amazon's fourth-largest deal following its $4 billion...
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