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 [...]
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