Robotic vacuum cleaner manufacturer will also lay off 10% of its workers as sales slump.
Amazon said Friday it is buying iRobot, known for its self-operating Roomba vacuum cleaner, for $1.7 billion.
"We know that saving time matters, and chores take precious time that can be better spent doing something that customers love," said Dave Limp, senior vice president of Amazon Devices in a statement. "Amazon shares our passion for building thoughtful innovations that empower people to do more at home, and I cannot think of a better place for our team to continue our mission," Angle said in a statement. Raymond James technology analyst Brian Gesuale said the deal makes sense for both companies, noting that iRobot has grown into a major player in the smart-home ecosystem. It also has a sizable and growing customer base, with nearly 16 million users of its devices.
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