Amazon and iRobot announced Tuesday that they had agreed to change the terms of their merger agreement based on a change in the price per share.
Accordingly, Amazon will pay $51.75 per share, revised from $61.00 per share. Simultaneously, iRobot has subscribed to a $200 million financing facility to support its ongoing operations.
"We are pleased to support iRobot in this way so they can continue inventing and delivering for customers while our proposed acquisition awaits regulatory approval," said Dave Limp, SVP of Amazon Devices. "As we said when we announced the merger last August, customers love iRobot products, and we're excited to work with them to invent in ways that make customers' lives easier and more enjoyable."
