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Amazon will buy Roomba company iRobot for about $1.7 billion

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

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

Upon completion of the deal, Colin Angle will remain CEO of iRobot.

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Reporting by Akash Sriram in Bengaluru. Edited by: Arun Koyyur

Our Standards: The Thomson Reuters Trust Principles.

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