iRobot, the owner of the Roomba robot vacuum, has filed for Chapter 11 bankruptcy, stating that it will be acquired by its contract manufacturer, Picea Robotics. The Chinese-based company assumed iRobot’s $190 million loan earlier this month and, under the terms of iRobot’s restructuring, will waive that debt, along with the $161.5 million iRobot owes it for manufacturing its robots. In return, Picea will [own iRobot in its entirety](https://investor.irobot.com/news-releases/news-release-details/irobot-announces-strategic-transaction-dri…

Similar Posts

Loading similar posts...

Keyboard Shortcuts

Navigation
Next / previous item
j/k
Open post
oorEnter
Preview post
v
Post Actions
Love post
a
Like post
l
Dislike post
d
Undo reaction
u
Recommendations
Add interest / feed
Enter
Not interested
x
Go to
Home
gh
Interests
gi
Feeds
gf
Likes
gl
History
gy
Changelog
gc
Settings
gs
Browse
gb
Search
/
General
Show this help
?
Submit feedback
!
Close modal / unfocus
Esc

Press ? anytime to show this help