Amazon's acquisition of Eero in February meant another great smart home listing of the online retailer that follows voice assistants and other connected devices. However, consumers confirmed the loss of another independent hardware brand. A new report today reveals that Amazon bought Eero in fire sales, and that Google and Nest were serious competition.
The acquisition price was never published by Amazon or Eero, but Mashable this afternoon reported that it was tune at $ 97 million. Verge has since confirmed the figure, which is lower than the 148 million dollars raised by Eero in investing by investors.
Ex-Eero employees in today's report considered Google Wifi the biggest challenge. The competing network solution from Made by Google had ̵
Announced in October 2016, Google sent Wifi later that year for $ 299 as a three-pack. An identical Eero package was $ 499, while a single Google device was still $ 129 against $ 199.
Compared to Eero, Made by Google created a single hardware and didn't separate between hubs and beacons designed to expand existing ones systems. While Eero has since cut prices, with Amazon as doing the same, $ 299 only gets buyers honest and honest Beacon.
Meanwhile, Mashable report has revealed how Eero attempted to "remain a step forward and diversify" its product range. The company worked on a smart home security system called Hive, but Nest Secure was unveiled in September 2017. The competing project was quickly abandoned and Eero continues to cut staff in 2018.
Both pieces are an interesting look at how hardware is a difficult one. market, with the Wi-Fi manufacturer at the time of purchase with debt related to production costs. As a result of paying $ 40 million in debt and other transaction costs, the actual selling price is reportedly close to $ 54.6 million.
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