(Reuters) - The collapse of iRobot's $1.4 billion sale to Amazon will test the cash-strapped robot vacuum cleaner maker's ability to repay a $200 million loan it took from private equity firm Carlyle Group last year.
The Roomba vacuum maker said on Monday it would lay off 31% of its roughly 1,130 employees and cut costs to save $150 million or more, as the deal's demise in the hands of European antitrust regulators left it confronting plunging revenue and soaring losses.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
