By Ben Glickman

Amazon will acquire iRobot for less than previously agreed after the electronics maker takes on more debt to fund operations.

The e-commerce giant will now pay $51.75 a share to acquire iRobot, down from a previous offer of $61 a share.

IRobot has also entered into a $200 million credit facility to fund ongoing operations. The companies said they anticipate the change in share price offer will be offset by the increase in iRobot's debt.

The deal has garnered regulatory scrutiny since it was announced in August. U.K. regulators said earlier this month they would conduct an in-depth probe of the acquisition.

Meanwhile, iRobot's lagging sales have raised questions about the deal. The maker of Roomba automated vacuum cleaners reported below-consensus quarterly results in May, and the stock has fallen 2.6% so far this year.

Write to Ben Glickman at ben.glickman@wsj.com

(END) Dow Jones Newswires

July 25, 2023 09:34 ET (13:34 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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