Big Law

Roomba Parent Company Faces Uncertainty After Amazon Deal Fails

Roomba’s parent company is warning that its future is on shaky ground, more than a year after a planned $1.7 billion acquisition by Amazon fell through.

iRobot (IRBT), a maker of robotic vacuum cleaners, has “substantial doubt about the company’s ability to continue,” it revealed in its quarterly earnings report Wednesday. The stark warning torpedoed the company’s stock 30% lower in premarket trading.

Read more at CNN.

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