Jawbone leaks: payments overdue, possible sale
The Information reports that Jawbone notified that company that it wold not make a payment due this month. Other sources say that Jawbone has been shopping itself out to potential acquirers as well.
This falls on top of poor sales and a Hail Mary decision to reduce inventory and assembly and focus on a medical-grade band. Its creditors are tearing down its stock’s value while Fitbit notched a legal win in a patent infringement case against Jawbone with a trade theft case’s verdict to be decided.