Amazon to acquire IRobot for R28.2 Billion

[Bradley Prior]

Amazon to acquire IRobot for R28.2 Billion

Amazon said it would buy IRobot, maker of the Roomba vacuum, for $1.65 billion (R28.2 billion). [Bloomberg]

 

[RonSwanson]

Certainly not their finest hour.

 

[RedViking]

Isn't that a bit much?

 

[hj007]

Isn't that a bit much?

Feels like it, went into loss making territory in the last year, prior to that was profitable around $150m of operating profit. So depends what Amazon is acquiring here,IP or a business...