On Sunday evening, legendary robotics company iRobot, manufacturer of the Roomba robotic vacuum, filed for bankruptcy. The company will be handing over all of its assets to its Chinese manufacturing ...
iRobot Corp's stock price is trading for a fraction of the Amazon takeover price as the deal was canceled in January 2024 due to EU regulatory scrutiny. iRobot's financial performance has declined due ...
iRobot filed for bankruptcy and will be acquired by Picea Robotics, a Chinese company. Founder Colin Angle said iRobot faced rising competition from Chinese robotics firms. Angle said that China's ...
iRobot, the maker of the popular Roomba vacuum cleaner, filed for bankruptcy protection on Dec. 14, saying it would go private after being purchased by its Chinese manufacturer. In a news release on ...
When I caught up with iRobot's current CEO Gary Cohen after news of the deal broke, he told me that would not be happening.
Shares of iRobot plunged more than 30% on Wednesday after it said there is "substantial doubt" about its ability to stay in business. Massachusetts-based iRobot has been restructuring since the Amazon ...
We learned earlier this week that iRobot, the company behind Roomba, had been taken over by a Chinese contract manufacturing company, Picea, following years of financial struggles. The deal has led to ...
Amazon's acquisition of iRobot fell through and the stock has been in a free fall ever since. The stock trades at a cheap price and could have huge upside if it regains investors' confidence. The ...
iRobot's stock plummeted after the Amazon acquisition fell through, leaving the company to navigate restructuring and cost-cutting efforts alone. Despite trading at a low price/book value, iRobot ...
As the newest and most advanced 2-in-1 vacuum and mop within iRobot's recently introduced suite of new Roomba robots, the Roomba Max 705 Combo conquers everyday messes - every day. At the heart of the ...
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iRobot founder says company's bankruptcy revealed a new kind of competitor: 'the Chinese fast follower'
If there's one lesson iRobot founder Colin Angle took from the company's bankruptcy, it's never to underestimate competitors. On December 14, iRobot, maker of the popular robotic vacuum Roomba, filed ...
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