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BEDFORD (AP) — Roomba maker iRobot has filed for Chapter 11 bankruptcy protection, but says it does not expect any disruptions to devices as the more than 30-year-old company is taken private under a restructuring process.
IRobot, which became well known for its robotic vacuums, has struggled of late, dealing with increased competition, layoffs and a declining stock price. In 2022, Amazon announced that it had agreed to buy iRobot for about $1.7 billion, but that deal was called off last year. Amazon blamed “undue and disproportionate regulatory hurdles” after the European Union signaled its objection to the transaction.
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