06-04-2019 00:30 via feedproxy.google.com

Amazon paid $97 million to acquire Eero in a fire-sale deal that left some shareholders with practically nothing, according to leaked documents (AMZN)

Amazon paid $97 million to acquire the WiFi router maker Eero, according to documents obtained by Business Insider.
Eero hired JPMorgan in August 2018 to act as its financial adviser, according to the documents.
The deal was a fire sale that left owners of the startup's common stock with practically nothing, according to the documents.
Eero's three founders are poised to make millions off of the acquisition, according to the documents.Amazon paid $97 million to acquire the WiFi router maker Eero
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