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Last week, Amazon (NASDAQ: AMZN) announced it would be purchasing Roomba maker iRobot (NASDAQ: IRBT) for $1.7 billion, or $61 per share. Some may have taken the acquisition news as a mere value investment by Amazon's savvy management team, as the acquisition price, while...
Apple ( NASDAQ: AAPL ) has markedly slowed the pace of acquisitions over the past two years, spending roughly $200M in fiscal 2021 and fiscal 2022, down from $1.5B in fiscal 2020, according to Bloomberg . The news outlet, citing regulatory filings, noted that Apple ( A...
iRobot ( NASDAQ: IRBT ) stock increased 20% after announcing it had executed a definitive merger agreement with Amazon ( NASDAQ: AMZN ) whereby Amazon will acquire the company. iRobot is well-known for making the lives of customers easier with its innovative cleaning hom...
In January, SS&C ALPS took over four funds from O'Shares Investments (run by Chairman Kevin O'Leary of CNBC's "Shark Tank", thus the O' in O'Shares). One of the funds transferred was the OGIG Internet Giants ETF, which now trades under the ALPS ETF Trust umbrella. During the 2...
iRobot (NASDAQ: IRBT) has some big questions to answer for investors in the coming week. The robotic cleaning device specialist made Wall Street nervous in its last earnings report, which showed net losses combined with falling sales volumes. Those operating trends might have im...
E-commerce and cloud computing giant Amazon (NASDAQ: AMZN) is no stranger to game-changing acquisitions. This week, the company signed a merger agreement for Roomba maker iRobot (NASDAQ: IRBT) . The all-cash deal will cost Amazon $1.7 billion and add a brand-new wrinkle ...
The release of stronger-than-expected jobs data led to a lackluster session on Wall Street, as investors worried that the Federal Reserve would have additional runway to enact an aggressive plan to raise interest rates. The major averages finished Friday's trading mixed, with the Nasdaq and...
On Aug. 5, Amazon (NASDAQ: AMZN) announced it was buying iRobot (NASDAQ: IRBT) , which makes robotic vacuum cleaners including the Roomba, for $61 per share in an all-cash deal -- a 22% premium to where iRobot stock traded at the time. This acquisition news understandab...
Shares of Amazon (NASDAQ: AMZN) were trading down 1.8% at 11:35 a.m. ET on Friday after the company signed an agreement to acquire iRobot (NASDAQ: IRBT) for $1.7 billion. It's an all-cash transaction that comes to $61 per share for iRobot. While iRobot won't move the nee...
Amazon ( NASDAQ: AMZN ) snapped up iRobot ( IRBT ) on Friday for $1.7B in the tech giant's fourth largest acquisition ever following deals for Whole Foods, MGM, and One Medical. Of note, Massachusetts-based iRobot ( IRBT ) has sold millions of its popular Roomba vacu...
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iRobot Schedules Second-Quarter 2024 Conference Call for August 7 PR Newswire BEDFORD, Mass. , July 18, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ: IRBT), a leader in consumer robots, today announced that it will issue its second-quarter 2024 financial results aft...
2024-07-15 14:33:52 ET iRobot (NASDAQ: IRBT) stock is making big gains Monday. The company's share price was up 9.4% as of 2 p.m. ET today, according to data from S&P Global Market Intelligence . iRobot stock has seen volatile swings this year and has frequently seen big...