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Aug 5 (Reuters) – Amazon.com 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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