Tags: amazon | irobot

Amazon Lowers iRobot Offer Price by 15%

Amazon Lowers iRobot Offer Price by 15%
(AP)

Tuesday, 25 July 2023 09:43 AM EDT

Amazon.com and iRobot have agreed to lower the price the e-commerce giant will pay for the maker of Roomba vacuum cleaners by nearly 15%, the companies said Tuesday.

Under the amended deal, Amazon will pay $51.75 for each share of iRobot, compared with the original price of $61.00 per share.

Shares of iRobot sank nearly 9% in premarket trading to $42.50, while Amazon was trading 0.2% higher.

The companies had unveiled the deal in August last year, in what marked the latest effort by the world's largest online retailer to expand its stable of smart home devices.

© 2026 Thomson/Reuters. All rights reserved.


StreetTalk
Amazon.com and iRobot have agreed to lower the price the e-commerce giant will pay for the maker of Roomba vacuum cleaners by nearly 15%, the companies said Tuesday.
amazon, irobot
97
2023-43-25
Tuesday, 25 July 2023 09:43 AM
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