Amazon and iRobot signed an agreement Thursday under which Amazon will acquire iRobot, supporting the online retail giant’s ambitions to solidify its foothold on smart home technology, according to The Wall Street Journal.
iRobot makes the popular home-cleaning product Roomba, a wireless smart-vacuum that maps spaces to clean dust and messes, according to the WSJ. The Amazon-iRobot press release notes that Amazon will acquire iRobot for $61 per share in an all-cash transaction valued at approximately $1.7 billion, including iRobot’s net debt. (RELATED: Dr. Bezos? Amazon Buys Up Primary Health Care Company)
With Amazon’s Alexa product, Ring doorbells, other smart home products, and now Roomba, the company will have an “incredible amount of data” in a modern smart home, leading to concerns about privacy, according to the Verge.
“Protecting customer data has always been incredibly important to Amazon, and we think we’ve been very good stewards of peoples’ data across all of our businesses. Customer trust is something we have worked hard to earn —and work hard to keep— every day,” a spokesperson for Amazon told the Daily Caller News Foundation.