Roomba maker iRobot files for bankruptcy protection; will be taken private under restructuring92%
By Michelle Chapman0%
12/15/2025, 6:27:53 AM
BS Summary: This article contains 7 faulty reasoning types, including Framing Effect, Negativity Bias, and Recency Bias, with Optimism Bias as the most egregious example at 47.9% saturation with 137 hits. Analysis detected 386 faulty-reasoning hits from 286 analyzed words, generating a BS Score of 87.7% and a BS Rank of 92% (1,386 of 16,813 articles). This article is worse (more manipulative) than 91.80% of the article peer group.
By MICHELLE CHAPMAN
Updated 5:01 AM PST, December 15, 2025
A Roomba 980 vacuum cleaning robot is presented during a presentation in Tokyo, on Sept. 29, 2015.
(AP Photo/Eugene Hoshiko, File)
Roomba maker iRobot has filed for Chapter 11 bankruptcy protection, but says that it doesn’t expect any disruptions to devices as the more than 30-year-old company is taken private under a restructuring process.
IRobot, which became well known for its robotic vacuums, has struggled of late, dealing with increased competition, layoffs and a declining stock price.
In 2022 Amazon announced that it had agreed to buy iRobot for about $1.7 billion, but that deal was called off last year.
Amazon blamed “undue and disproportionate regulatory hurdles” after the European Union signaled its objection to the transaction.
Amazon said at the time that it would pay iRobot a previously agreed termination fee of $94 million and iRobot said that it would undergo a restructuring to help stabilize the company.
iRobot said Sunday that it is now being acquired by Picea through a court-supervised process.
Picea, or Shenzhen PICEA Robotics Co., Ltd., is iRobot’s primary contract manufacturer..
With facilities in China and Vietnam, Picea has built and sold more than 20 million robotic vacuum cleaners.
“The transaction will strengthen our financial position and will help deliver continuity for our consumers, customers, and partners,” iRobot CEO Gary Cohen said in a statement.
iRobot said it will continue to operate as normal during the Chapter 11 process and doesn’t expect any disruption to its app functionality, customer programs, global partners, supply chain relationships, or ongoing product support.
The Bedford, Massachusetts-based anticipates completing the prepackaged chapter 11 process by February.
In premarket trading, iRobot shares slid nearly 70% to $1.31.
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