We wrote about Amazon’s (AMZN), project Vesta in 2019 (click HERE). Along those lines, Amazon recently announced that it plans to acquire iRobot (IRBT), a deal which will accelerate Amazon’s Vesta strategy, which is essentially to gather information about the home via an autonomous robot (good news for the staff at Amazon Robotics).
- The folks at Bloomberg wrote a piece about the IRBT deal that we agree with. That article may be found HERE.