Acquisition part of Amazon’s bid to accelerate its growth beyond retail, but concerns raised about market power of Bezos firm
Amazon announced it has agreed to acquire the vacuum cleaner maker iRobot for approximately $1.7bn, scooping up another company to add to its collection of smart home appliances amid broader concerns about its market power.
iRobot sells its products worldwide and is most famous for the circular-shaped Roomba vacuum, which is equipped to integrate with various smart home systems.
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Acquisition part of Amazon’s bid to accelerate its growth beyond retail, but concerns raised about market power of Bezos firm
Amazon announced it has agreed to acquire the vacuum cleaner maker iRobot for approximately $1.7bn, scooping up another company to add to its collection of smart home appliances amid broader concerns about its market power.
iRobot sells its products worldwide and is most famous for the circular-shaped Roomba vacuum, which is equipped to integrate with various smart home systems. Continue reading…Technology | The Guardian