iRobot files for bankruptcy protection; will be private under restructuring

Roomba maker iRobot has filed for Chapter 11 bankruptcy protection, but says that it doesn't expect any disruptions to devices as the more than 30-year-old company is taken private under a restructuring process. IRobot, which became well known for its robotic vacuums, has struggled of late, dealing with increased competition, layoffs and a declining stock price.