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Amazon to Buy Maker of the Roomba for $1.7 Billion - The New York Times

Amazon to Buy Maker of the Roomba for $1.7 Billion - The New York Times

Amazon to Buy Maker of the Roomba for $1.7 Billion - The New York Times
Aug 05, 2022 38 secs

The acquisition of iRobot Corp., maker of the robot vacuum, will add to Amazon’s roster of smart home devices, which includes the Alexa virtual assistant and Ring doorbells.

Amazon announced on Friday that it had reached an agreement to buy iRobot Corp., the maker of the Roomba robotic vacuum, for $1.7 billion, adding to its growing roster of smart home products.

The Roomba and iRobot’s other cleaning devices, including robotic mops and air purifiers, join a portfolio of Amazon-owned smart home devices that includes Ring doorbells and Alexa, Amazon’s virtual assistant and speaker.

Amazon reported $121.2 billion in revenue in the second quarter, up 7.2 percent from a year earlier but down slightly from the 7.3 percent revenue growth it reported in the first quarter of this year


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