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Amazon to buy Roomba-maker iRobot for about $1.7 billion

Kitco News

Aug 5 (Reuters) - Inc (AMZN.O) will acquire iRobot in an all-cash deal for about $1.7 billion, the robot vacuum cleaner maker said on Friday.

The world's largest online retailer will acquire the firm for $61 per share, valuing the company at a premium of 22% from the stock's last closing price.

On completion of the deal, Colin Angle will remain as the chief executive of iRobot.

Reporting by Akash Sriram in Bengaluru; Editing by Arun Koyyur
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