UPDATE: Amazon.com to buy Eero for an undisclosed amount
Amazon.com Inc. (AMZN) said late Monday it has agreed to buy Eero, a home mesh wi-fi system maker. Terms of the deal were not disclosed. "We are incredibly impressed with the Eero team and how quickly they invented a wi-fi solution that makes connected devices just work," said Dave Limp, a vice president of Amazon Devices and Services. "We have a shared vision that the smart home experience can get even easier, and we're committed to continue innovating on behalf of customers." The deal's closing "is subject to customary closing conditions," Amazon said, without providing a time frame. Shares of Amazon fell 0.3% in the extended session after ending the regular trading day up 0.2%.
-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
February 11, 2019 20:52 ET (01:52 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.