IRobot Falls After Amazon Lowers Offer 15% to $51.75 a Share

Price change reflects $200 million in new financing for iRobot
The deal is being scrutinized by US and European regulators

The iRobot headquarters in Bedford, Massachusetts.
Photographer: Sophie Park/Bloomberg

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By Robin Ajello, Leah Nylen, and Paula Seligson

July 25, 2023 at 1:12 PM UTC

Updated on

July 25, 2023 at 3:20 PM UTC

This article is for subscribers only.

IRobot Corp. tumbled after Amazon.com Inc. said it’s paying less to acquire the Roomba maker to account for fresh financing taken out by the company as a merger review drags on.

The Seattle-based e-commerce giant said it will now pay $51.75 per share, or 15% less than its original offer.