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Robot Vacuum Roomba Maker Files for Bankruptcy After 35 Years

iRobot Corp. filed for bankruptcy after reaching a restructuring support agreement that will hand control of the consumer robot maker to Shenzhen PICEA Robotics Co., its main supplier and lender, and Santrum Hong Kong Co. The Massachusetts-based company filed for Chapter 11 bankruptcy in the District of Delaware on Dec. 14, according to a news release....

Read more at bloomberg.com

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