iRobot Stock: Buy, Sell, or Hold?
IRBTiRobot(IRBT) The Motley Fool·2024-03-18 20:15

Over a year after Amazon (NASDAQ: AMZN) announced its intention to acquire iRobot (IRBT 6.96%), the deal fell through following a mutual agreement to terminate the deal. Now, the company best known for its Roomba line of robot vacuum cleaners is trading near an all-time low, and will need to stand on its own wheels. Let's examine why Amazon's acquisition of iRobot fell through, how iRobot is pivoting, and whether it's worth investing in the consumer robot company. Why did the acquisition fall through? In la ...