Amazon announced the deal in August 2022. The world's largest online retailer, which already owns Alexa and Ring, was pushing to expand its stable of smart home devices as well as expanding the e-commerce giant's virtual healthcare. "We're disappointed that Amazon's acquisition of iRobot could not proceed," said David Zapolsky, Amazon's general counsel. "We're believers in the future of consumer robotics in the home and have always been fans of iRobot's products," he added in a statement. Bedford, Massachusetts-based iRobot said it expects to report full-year 2023 revenue of $891 million, a 25 per cent reduction and a loss of between $265 and $285 million. Under the terms of the merger agreement, Amazon will pay iRobot a $94 million termination fee.