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Amazon to Acquire iRobot in $1.7 Billion Deal
- Client News
- August 5, 2022
Paul, Weiss is advising Amazon in its all-cash acquisition of iRobot, a producer of innovative cleaning products for the home, including the Roomba robot vacuum. Under the terms of the transaction, Amazon will acquire iRobot for $61 per share. The deal is valued at $1.7 billion, including net debt.
The Paul, Weiss team includes corporate partners Krishna Veeraraghavan, Kyle Seifried, Caith Kushner and Manuel Frey and counsel Cristina Amodeo and Jason Tyler; executive compensation partners Rebecca Coccaro and Jean McLoughlin and counsel Cynthia Akard; intellectual property partner Jonathan Ashtor and counsel Marisa Geiger; tax partner Robert Holo; litigation partner Jaren Janghorbani, and counsel Steven Herzog, Daniel Levi and Jacobus Schutte; and real estate partner Salvatore Gogliormella.