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iRobot co-founder says FTC's opposition to Amazon deal was 'wrong-minded' following bankruptcy filing

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1 day ago

iRobot, the maker of the Roomba vacuum cleaner, filed for bankruptcy protection on Sunday and is pursuing a buyout from its primary manufacturer in China after the company's acquisition by Amazon was blocked over a year ago on antitrust grounds.iRobot first raised concerns about its ability to remain in business in March and filed for Chapter 11 bankruptcy protection in a Delaware bankruptcy court on Sunday as it faces competition from lower-priced rivals and new U.S. tariffs. It now plans to go private after its purchase by Picea Robotics, a China-based firm that is its primary manufacturer.T...

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