FitBit considering sale to investment bank: Report

San Francisco-based wearable device maker Fitbit Inc has been communicating with an investment bank regarding a sale, Reuters reported Friday. Qatalyst has been seeking to persuade Fitbit to consider sale options for several weeks, arguing it could attract acquisition interest from Google owner Alphabet Inc. (NASDAQ: GOOG), Reuters reported, but FitBit (NYSE: FIT) has not yet decided on its course of action. Reuters based the story on "p eople familiar with the matter," as the sources asked not to…
Source: bizjournals.com Health Care:Biotechnology headlines - Category: Biotechnology Authors: Source Type: news