The Morning After: Roomba maker iRobot files for bankruptcy

After Amazon's acquisition fell apart, it ran out of options. It plans to sell all assets to its primary supplier, the Chinese company Picea Robotics. Investors "will experience a total loss and not receive recovery on their investment" if the deal is approved, iRobot said. The company didn't discuss how the move might affect its employees in the US or elsewhere. Amazon dropped its $1.7 billion acquisition of the company last year after a veto threat from European regulators, leaving the Roomba maker with no other option.