Regulators Blocked Amazon-iRobot Deal, Now Bankruptcy Sends Company Back To China

iRobot, the American company that created the robotic vacuum Roomba, filed for bankruptcy on Sunday, sending the company into the arms of its Chinese manufacturer just three years after regulators blocked a proposed sale to Amazon. Under the bankruptcy plan, iRobot’s manufacturer, Picea, will take 100% of the company’s equity, shifting ownership from American to ...