iRobot Files for Bankruptcy Amid Debt and Tariff Challenges
TL;DR Summary
iRobot, the maker of Roomba robotic vacuums, filed for Chapter 11 bankruptcy and will be acquired by its Chinese manufacturer Picea Robotics, after facing competition from cheaper rivals and regulatory hurdles that blocked a previous Amazon acquisition attempt.
- Roomba maker iRobot set for buyout by manufacturer after filing for bankruptcy Yahoo Finance UK
- Roomba maker files for bankruptcy, weighed down by debt and tariffs NPR
- iRobot Announces Strategic Transaction to Drive Long-Term Growth Plan PR Newswire
- How Roomba invented the home robot — and lost the future The Verge
- Roomba maker iRobot files for bankruptcy protection; will be taken private under restructuring ABC News
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