Roomba Maker iRobot Files for Bankruptcy
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Tech company iRobot (NASDAQ: IRBT), the maker of household vacuums and cleaning robots that include Roomba and Braava, filed for Chapter 11 bankruptcy protection on Sunday, less than two years after a $1.7 billion buyout by Amazon (NASDAQ: AMZN) fell through.
Company's secured lender and key supplier, Picea, to acquire iRobot through court-supervised chapter 11 process.
Roomba maker iRobot has filed for bankruptcy protection and will change its ownership, but your robot vacuum cleaners will probably be fine.
We knew iRobot was in trouble, and the smart vacuum maker has now officially filed for bankruptcy. However, operations will continue under Chinese manufacturer Picea Robotics – a company that had already been building Roombas for iRobot.
Roomba maker iRobot ( IRBT) has filed for Chapter 11 bankruptcy protection in Delaware as part of a restructuring that hands full control of the company to its primary manufacturer, Picea Robotics.
Robot has begun bankruptcy proceedings under which its Chinese creditors will acquire the consumer robot company and continue the brand.