Diamonds and Dogs

8/5/22

iRobot (IRBT) jumps on buyout offer. iRobot is up 19% after agreeing to be acquired by Amazon.com for $1.7 billion, including debt. The deal works out at $61 a share and is about a 22% premium to iRobot's closing price on Thursday. iRobot is the maker of the Roomba robot vacuum, first introduced in 2002. Amazon 's virtual assistant technology, Alexa, already supports iRobot devices, meaning Roomba

Warner Brothers Discover (WBD) going the wrong way. The combination of HBO Max and Discovery+ doesn't seem to be going well as the combined company reported a big loss with slowing sales. Warner Brothers has ambitious goals of 130 million global subscribers in 2025 and at least $12 billion in adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda) in 2023. One analyst downgraded the stock saying the post-merger has growing pains.

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