Amazon Agrees To Buy Roomba Maker iRobot

This article was originally published on ValueWalk

NASDAQ:AMZN Union Election, 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 […]