Amazon Agrees To Buy Roomba Maker iRobot

This article was originally published on ValueWalk

NASDAQ:AMZN Union Election

Amazon.com, Inc. (NASDAQ:AMZN) has announced plans to acquire Roomba vacuum maker iRobot Corporation (NASDAQ:IRBT) in an all-cash transaction that values the company at $1.7 billion. Following the announcement, shares of Amazon slipped 2% in midday trading, while iRobot shares surged nearly 20%, accounting for about two-thirds of the stock’s five-session gain. Q2 2022 hedge fund […]

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