Amazon to acquire iRobot in $1.7B deal
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The popular cleaning robot Roomba is going to be an Amazon.com Inc. (Nasdaq: AMZN) product. The e-commerce giant announced Friday it signed an agreement to buy Roomba maker iRobot Corp. (Nasdaq: IRBT) in an all-cash transaction valued at approximately $1.7 billion, including iRobot’s net debt. As part of the transaction, iRobot said it plans cost-reduction actions that will include laying off approximately 140 employees, or 10% of the company’s global workforce. The company has over 1,370…
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