Q&A with iRobot co-founder Colin Angle on the company's Chapter 11 bankruptcy, regulatory pressure that killed Amazon's deal, his new robotics startup, and more
When iRobot filed for Chapter 11 bankruptcy last Sunday, it marked the end of an era for one of America's most beloved robotics companies.
iRobot appoints Gary Cohen as its new CEO after Colin Angle resigned in January 2024 and forecasts 2024 revenue with a midpoint of $837.5M, vs. $829.8M expected
Arsheeya Bajwa / Reuters :
After Amazon ended its acquisition, iRobot plans to lay off 31% of its staff, or ~350 people, and says chair and CEO Colin Angle would step down; IRBT drops 5%+
Rohan Goswami / CNBC :
After Amazon ended its acquisition, iRobot plans to lay off 31% of its staff, or ~350 people, and says chair and CEO Colin Angle will step down; IRBT drops 15%+
- Amazon and iRobot mutually agreed to call off their planned acquisition, writing that there was “no path” to regulatory approval and sending iRobot shares down 15%.
The European Commission says Amazon's $1.4B iRobot acquisition may restrict competition; Amazon plans to work to address its concerns; IRBT drops ~18%
On 6 July 2023, the Commission opened an in-depth investigation … Jay Peters / The Verge : Amazon's $1.7 billion deal to buy iRobot is running into some objections Elizabeth Montalbano / Computerworld...
Amazon plans to acquire Roomba maker iRobot in a $1.7B all-cash deal; Colin Angle will remain as iRobot's CEO
Everyone's Favorite Robot Cleaning Company Financial Times : Amazon acquires Roomba maker iRobot for $1.7bn Jon Fingas / Engadget : Amazon is buying iRobot, the creator of the Roomba robot vacuum Chan...
Amazon plans to acquire Roomba maker iRobot for $1.7B in an all-cash deal; Colin Angle will remain as iRobot CEO
Amazon this morning announced plans to acquire Roomba maker iRobot for an all-cash deal valued at $1.7 billion. — “Since we started iRobot, our team has been on a mission …