Amazon is lowering its acquisition price for robotic vacuum-maker iRobot, after the duo have hit regulatory snags trying to get the deal over the line.
The ecommerce giant announced plans to acquire iRobot last August in an all-cash deal worth $1.7 billion, equating to around $61 per share. Now, Amazon has said that it’s amending its bid to $51.75, roughly 15% lower than its initial bid.
The reason, it seems, stems from the ongoing antitrust headwinds that Amazon is facing both domestically and in Europe, which has impacted iRobot’s bottom line. Indeed, iRobot has said that it is h
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