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Amazon paid $1.7 billion for the robotic vacuum manufacturer iRobot Inc will acquire iRobot Corp, maker of the robotic vacuum cleaner Roomba, in an all-cash deal for about $1.7 billion in the latest push by the world's largest online retailer to expand its stable of smart home devices.

Amazon will pay $61 per share, valuing iRobot at a 22 percent premium to its previous closing price of $49.99. In Friday trading, iRobot's stock increased 19% to $59.66. iRobot shares were more than twice that price during COVID-19 pandemic lockdowns, as hygiene-conscious consumers invested in premium vacuum cleaners. The acquisition fulfils a vision announced by Amazon in 2021.

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