Sugawa's first response to the acquisition of iRobot: will retain the original brand and push forward the Chinese business simultaneously.
After announcing bankruptcy and being acquired by Sangawa on December 14, iRobot's stock price plummeted. Its current market value is only 24.1943 million USD. In the future, iRobot will be delisted, and its stock will be worthless. Regarding the direction after the acquisition, related individuals from Sangawa mentioned that they will continue to advance iRobot's business overseas and in China, keeping the original brand. Sangawa had already acquired iRobot's regional agency rights in China in August of this year.
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