iRobot, the maker of the Roomba vacuum cleaner, filed for bankruptcy protection on Sunday, saying that it would go private after being bought by Picea Robotics, its primary manufacturer. The company, which raised concerns about staying in business in March, filed for Chapter 11 protection in Delaware bankruptcy court as it grapples with increased competition from lower-priced rivals and new U.S. tariffs.

It was back in March when iRobot warned investors that it might not survive the next 12 months. With revenue shrinking at a rapid pace, the company's...

iRobot Corp – perhaps most famous for its Roomba robot vacuum cleaners – has filed for bankruptcy. The company has proposed that control be handed over

Roomba manufacturer iRobot filed for bankruptcy today, reports Bloomberg. After 35 years, iRobot reached a "restructuring support agrement that will hand control of the consumer robot maker to Shenzhen PICEA Robotics Co, its main supplier and lender, and Santrum Hong Kong Compny." Under the rest...