Last Friday, a report emerged that Fitbit (NYSE: FIT) is considering putting itself up for sale. Here’s Greg Roumeliotis writing for Reuters:
“Wearable device maker Fitbit Inc has been in talks with an investment bank about the possibility of exploring a sale amid challenges in successfully pivoting from fitness trackers to smartwatches, people familiar with the matter said on Friday.
Fitbit has not yet decided to pursue a sale and there is no certainty it will do so, the sources said. [The investment bank] Qatalyst has been seeking to persuade Fitbit to explore its