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New York (CNN Business)Amazon (AMZN) has agreed to buy iRobot, the maker of the popular Roomba vacuum, in an all-cash deal valued at about $1.7 billion, including debt, the two companies announced Friday.

The deal, which is pending approval from shareholders and regulators, has the potential to expand Amazon's robotics lineup and deepen its presence in consumers' homes.
Last year, Amazon introduced a home robot called Astro. The $999 20-pound dog-like robot zooms from room to room, capturing live video and learning your habits."Over many years, the iRobot team has proven its ability to reinvent how people clean with products that are incredibly practical and inventive," said Dave Limp, SVP of Amazon Devices. "I'm excited to work with the iRobot team to invent in ways that make customers' lives easier and more enjoyable."
    After launching the first Roomba in 2002, iRobot went on to develop multiple generations of robot vacuums, mops and air purifiers that will now fall under Amazon's product catalog.
      Shares of iRobot surged nearly 20% in pre-market trading Friday following the announcement.

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      Knicks Given Rare Praise for Major Offseason Acquistion by GMs

      Getty Signing Jalen Brunson is a big move by the Knicks.

      The New York Knicks may have missed out on Donovan Mitchell this offseason, but they did manage to grab their number one target in Jalen Brunson to man their point guard position in the years to come.

      Brunson is a big pick up and he’ll solve a problem the Knicks have had for years, and it was an acquisition that happened without having to give up any young assets or draft picks. Mitchell would’ve cost them a lot, and it might not have been worth it in the end, but the Knicks don’t have to worry about that anymore.

      As it turns out, NBA general managers believe the Knicks did something good this summer by signing Brunson, and they named him as one of the players who’ll make the biggest impact.

      GMs High on Brunson

      Brunson was a star during the most recent Dallas Mavericks playoff run, and if he can keep up that kind of production, then this will end up being a huge deal for the Knicks.

      NBA GMs already believe it to be a big move, but interestingly enough, they call the Mitchell pickup by the Cavaliers an even better one.

      In a survey that asked GMs what the biggest impact acquisition will be, the majority of them answered with Mitchell, but Brunson got some love as well. Here’s how it all played out.

      • Donovan Mitchell, Cleveland – 59%
      • Rudy Gobert, Minnesota – 31%
      • Jalen Brunson, New York – 7%
      • P.J. Tucker, Philadelphia – 3%

      Mitchell going to the Cavs makes them a top team in the Eastern Conference, so that’s likely why he ranks so highly. The addition of Brunson might not even be enough to get the Knicks into the playoffs outright, but a play-in spot should be in the cards.

      That might be less of Brunson’s impact and more of how loaded the Eastern Conference is these days. It’s definitely much different than the one LeBron James dominated for much of the decade.

      Teams like the Nets, Sixers, Celtics, Bucks, Heat and Cavs all look like near locks, which leaves teams like the Hawks, Knicks, Bulls and a few others also fighting for their playoff lives. The Bulls were the first seed in the conference at one point last season, so they might even be considered to a lock.

      It’ll be a battle for the Knicks, and they’ll need a lot of things to work in their favor outside of the addition of Brunson.

      Knicks are Improving

      The Knicks picking up Brunson is a big improvement, but he’s not the only thing working for this roster.

      RJ Barrett, fresh off signing a new contract extension, is ready to make another leap, and if that happens he might find himself representing New York on an All-Star team.

      Julius Randle will be an X-factor as he was the team’s most recent All-Star, so he seems like the one most likely to make the team again, but he’ll have to up his efficiency to make that happen. It’s not out of the realm of possibilities, and if it happens then the Knicks should be in a good position.

       

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