Roomba maker pushed into bankruptcy
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Company's secured lender and key supplier, Picea, to acquire iRobot through court-supervised chapter 11 process.
Robot has filed for Chapter 11 bankruptcy, handing control to Chinese manufacturer Picea. Here's what 50 million Roomba owners need to know about product support and app functionality.
Founded 35 years ago, the Massachusetts company pioneered the development of home vacuum robots and grew to become one of the most recognizable American consumer brands. Over the years, it lost ground to Chinese competitors with less-expensive products.