Facts

  • Amazon is purchasing iRobot - the maker of Roomba robot vacuum cleaners - in a $1.7B all-cash deal that's expected to increase the company's presence in the home robotics industry.
  • Following the announcement, iRobot's stock soared more than 19% while Amazon's stock slumped by 1.3%.
  • This deal marks Amazon's second billion-dollar acquisition in the last two weeks. In late July, the company purchased healthcare provider One Medical for an all-cash deal totaling $3.9B.

Sources

Spin

Establishment-critical narrative

Consumers should be skeptical of this acquisition as it will only expand Amazon's control over people's private details, such as the layout of users' homes and even their visitors. The tech company is purchasing its way to dominance. Buyers beware.

Pro-establishment narrative

While privacy concerns are understandable, the acquisition won't move forward without regulatory scrutiny, which will give consumers peace of mind. If approved, the deal would mark a turning point in the home robotics industry and reinvent how people clean. This is an exciting announcement.

Articles on this story