Amazon to buy Roomba maker for $1.7 billion

Amazon will buy Roomba maker iRobot for $61 a share, or $1.7 billion in total, the companies announced Friday.
According to Reuters, "iRobot's stock rose 19% [on] Friday trading to $59.66," still less than half of its lockdown-era peak, when homebound consumers scrambled to buy Roombas.
"Customers love iRobot products — and I'm excited to work with the iRobot team to invent in ways that make customers' lives easier and more enjoyable," said Amazon hardware devices chief Dave Limp. In 2021, Limp said that "[i]n five to 10 years, we believe every home will have at least one robot that will become a core part of your everyday life."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Vice News notes the iRobot deal is not Amazon's first foray into home robotics. Last year, "Amazon revealed the Astro—a little Alexa on wheels" that was intended to map "the interior of a user's homes, even creating heat maps of highly trafficked areas." The $1,500 Astro hasn't sold well, but robot vacuums could provide an alternative way of collecting the same information. In addition to the full line of Roomba models, Amazon is also buying iRobot's trove of data, which includes digital maps of users' homes, Vice reports.
This announcement comes just weeks after Amazon purchased healthcare provider One Medical for $3.9 billion. That acquisition came with 767,000 patients and all their healthcare data.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Grayson Quay was the weekend editor at TheWeek.com. His writing has also been published in National Review, the Pittsburgh Post-Gazette, Modern Age, The American Conservative, The Spectator World, and other outlets. Grayson earned his M.A. from Georgetown University in 2019.
-
Rep. Sylvester Turner dies, weeks after joining House
Speed Read The former Houston mayor and longtime state legislator left behind a final message for Trump: 'Don't mess with Medicaid'
By Peter Weber, The Week US Published
-
Trump pauses Ukraine intelligence sharing
Speed Read The decision is intended to pressure Ukrainian President Volodymyr Zelenskyy into peace negotiations with Vladimir Putin
By Peter Weber, The Week US Published
-
Supreme Court rules against Trump on aid freeze
Speed Read The court rejected the president's request to freeze nearly $2 billion in payments for foreign humanitarian work
By Rafi Schwartz, The Week US Published
-
Crafting emporium Joann is going out of business
Speed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
By Peter Weber, The Week US Published
-
What's Jeff Bezos' net worth?
In Depth The Amazon tycoon and third richest person in the world made his fortune pioneering online retail
By David Faris Published
-
Amazon's 'James Bond' deal could mean a new future for 007
In the Spotlight The franchise was previously owned by the Broccoli family
By Justin Klawans, The Week US Published
-
Trump's China tariffs start after Canada, Mexico pauses
Speed Read The president paused his tariffs on America's closest neighbors after speaking to their leaders, but his import tax on Chinese goods has taken effect
By Peter Weber, The Week US Published
-
Chinese AI chatbot's rise slams US tech stocks
Speed Read The sudden popularity of a new AI chatbot from Chinese startup DeepSeek has sent U.S. tech stocks tumbling
By Peter Weber, The Week US Published
-
US port strike averted with tentative labor deal
Speed Read The strike could have shut down major ports from Texas to Maine
By Peter Weber, The Week US Published
-
Biden expected to block Japanese bid for US Steel
Speed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
By Peter Weber, The Week US Published
-
Judges block $25B Kroger-Albertsons merger
Speed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
By Peter Weber, The Week US Published