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

The deal was a fire sale that left owners of the startup's common stock with practically nothing, the documents reveal.

Amazon paid $97 million to acquire Wi-Fi router maker Eero in a fire-sale deal that left owners of the startup's common stock with practically nothing but appears to have given the founders multi-million dollar paydays, according to documents obtained by Business Insider. The common shares were ultimately valued at 3 cents a share, according to the documents, a nominal increase that still left almost all employees and investors underwater.The three cofounders of Eero, as well as certain other company insiders however, received special payouts in form of retention bonuses and other awards. Nick Weaver, the CEO and cofounder, is poised to receive more than $7 million, according to the documents.

It sounds like a shareholders lawsuit waiting to happen.

come on BI. whats the deal here? who are the shareholders getting nothing? are they VCs or other hard working employees thats the big question.

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