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Roomba maker iRobot files for bankruptcy, to go private after buyout
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Roomba vacuum cleaner maker iRobot said on Sunday that it had filed for bankruptcy protection, and would go private after being acquired by Picea, its primary manufacturer. The company, which raised concerns about staying in business in March, filed for bankruptcy in the District of Delaware as it grapples with macroeconomic and tariff-related uncertainties.
iRobot faces competition from Chinese rivals such as Ecovacs Robotics, which offer advanced features at lower prices.
iRobot said it will continue operations with no anticipated disruption to its…
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