iRobot Files for Bankruptcy and Plans to Go Private

iRobot, the maker of Roomba robotic vacuums, has filed for Chapter 11 bankruptcy protection amid financial struggles and a failed acquisition by Amazon. The company is being acquired by Picea through a court-supervised process, which aims to strengthen its financial position and ensure continuity for customers and partners. iRobot expects to complete the restructuring by February with no disruptions to its operations.