iRobot sinks after saying last potential buyer has dropped out (IRBT:NASDAQ)
Core Viewpoint - iRobot's stock price dropped by 33% following the announcement that the last bidder for the company has exited the sales process, indicating challenges in the company's efforts to find a buyer since March [5]. Company Summary - iRobot has been actively seeking to sell itself since March, reflecting ongoing strategic challenges within the company [5]. - The withdrawal of the last bidder raises concerns about the company's valuation and future prospects in the market [5].