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International Business Times
International Business Times
Business

iRobot Declares Bankruptcy: Roomba Maker to Be Acquired by Shenzhen Picea After 35 Years

iRobot

iRobot filed for Chapter 11 bankruptcy protection in the District of Delaware court on Sunday, bringing an end to more than three decades as a public company.

The Massachusetts-based maker of the Roomba has been experiencing extended weak sales and financial struggles.

Acquisition by Shenzhen Picea Secures Future Operations

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