The Public M&A and Technology M&A teams advised iRobot Corporation (NASDAQ: IRBT) on its definitive agreement to be acquired by Amazon.com, Inc. Under the terms of the definitive agreement, Amazon will acquire iRobot for $61.00 per share in an all-cash transaction valued at approximately $1.7 billion, including iRobot’s net debt.
iRobot is a global consumer robot company that designs and builds thoughtful robots and intelligent home innovations that make life better. iRobot introduced the first Roomba robot vacuum in 2002. Today, iRobot is a global enterprise that has sold millions of robots worldwide. iRobot's product portfolio features technologies and advanced concepts in cleaning, mapping and navigation. Working from this portfolio, iRobot engineers are building robots and smart home devices to help consumers make their homes easier to maintain and healthier places to live.
The Goodwin team was led by Mark Bettencourt, Stuart Cable, Joshua Zachariah, Gregg Katz, and James Ding, and included Cynthia Li, Jack Rosen, Ziqian Tao, Stephanie Barbanell, Yifeng Yuan, Cassidy Merten, Paul Rosie, Sne Sadhu, Andrew Lacy, Sarah Jordan, Simone Waterbury, Elliot Silver, Nick Pellow, Alexandra Denniston, Morgan Frisoli, James Oh, Stephen Charkoudian, Kenneth Radcliffe, Jason Yeoun, Stephen Kerr, Jacqueline Klosek, Jud Welle, Lore Leitner, Gabe Maldoff, Josephine Jay, Jennifer Fay, Timothy Holahan, Richard Matheny, Justin Pierce, Carrie Miller, Deborah Birnbach, Janet Andolina, Kyle Pine, Nicole Spiteri, and Nathan Brodeur.
For additional details on the acquisition, please read the press release.