iRobot Files for Bankruptcy, Sold to Manufacturer
Update: 2025-12-15
Description
iRobot, the maker of Roomba vacuums, files for Chapter Eleven bankruptcy, aiming to go private under a new restructuring plan. Amazon pays a termination fee, and iRobot is acquired by Picea, its main contract manufacturer. The company assures no disruptions to devices or services, while shares plummet in premarket trading.
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