iRobot's Roomba Acquired by Chinese Supplier

iRobot, the company behind the Roomba robotic vacuum cleaner, has filed for bankruptcy and will be acquired by its Chinese supplier, Picea Robotics. This move comes after Amazons acquisition attempt was blocked by EU competition regulators due to concerns about harming competition. iRobots struggles with increased competition and rising tariffs also contributed to its bankruptcy. The future of the Roomba brand under Picea Robotics remains uncertain.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.