Roomba Maker iRobot Files for Bankruptcy Protection
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Robot vacuum Roomba's parent company is filing for bankruptcy after cash struggles and a failed acquisition by Amazon Roomba's parent company, iRobot, said it has filed for Chapter 11 bankruptcy. The vacuum cleaner manufacturer will be acquired by its main lender, Picea.
The company said it entered into a Restructuring Support Agreement with its secured lender and its primary contract manufacturer, to acquire it through a court-supervised process.