iRobot's Roomba era ends after bankruptcy and failed Amazon deal

iRobot's Roomba era ends after bankruptcy and failed Amazon deal

iRobot, the company behind the iconic Roomba vacuum, filed for bankruptcy after years of mounting pressure from cheaper Chinese rivals and the collapse of a planned Amazon acquisition. The firm will be acquired by its Chinese contract manufacturer, Shenzhen Picea Robotics, and says operations and existing devices will continue uninterrupted.

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