Amazon to buy Roomba maker for $1.7 billion

Roomba
(Image credit: Photo by Justin Sullivan/Getty Images)

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.

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Grayson Quay

Grayson Quay was the weekend editor at TheWeek.com. His writing has also been published in National Review, the Pittsburgh Post-GazetteModern AgeThe American ConservativeThe Spectator World, and other outlets. Grayson earned his M.A. from Georgetown University in 2019.