The tech giant said it has entered into a definitive agreement with iRobot to acquire the company for US$61 per share. (The Logic)

Talking point: The transaction value includes taking on iRobot’s net debt. Colin Angle will stay on as iRobot’s CEO. The acquisition will be Amazon’s fourth largest to date, trailing Whole Foods (US$13.7 billion), MGM (US$8.45 billion) and One Medical (US$3.9 billion). Amazon, which already sells other home products including Ring security cameras and Alexa devices, has kept an eye on Roombas. The company has featured it prominently eight years in a row during its big Prime Day sales event. Home products, however, have raised privacy concerns for consumers. Meanwhile, regulators are increasingly scrutinizing Big Tech acquisitions, with the U.S. Federal Trade Commission moving to block Meta’s purchase of the VR company, Within, last month over antitrust concerns.