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Amazon's iRobot Acquisition Is About More Than Just Vacuums

TheMotleyFool

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Amazon's iRobot Acquisition Is About More Than Just Vacuums: https://g.foolcdn.com/editorial/images/694890/gettyimages-1365090854.jpg

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 20% higher than the pre-announcement share price, is still 75% below iRobot's all-time high.

However, there's more to just the iRobot purchase than a good value, as Amazon's next big innovation may very well come in robotics.

Source Fool.com

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