Jawbone CEO Hussein Raman, from: Bloomberg According to The Information on Foreign Media, well-known wearable device maker Jawbone is in touch with at least one hardware vendor buyer to discuss possible mergers and acquisitions transactions. As early as this May, Fortune website reported that Jawbone was trying to sell its wireless speaker business separately. Since its inception in 1999, Jawbone, once regarded as the “origin of wearablesâ€, has experienced a total of 13 rounds of financing, raising nearly $900 million in total. Investors include Sequoia Capital, Anderson Horowitz, and Khosla Ventures. Well-known venture capitalists. However, there are indications that the status of Jawbone is not very good. In February of this year, Jawbone raised 165 million U.S. dollars, leaving only 1.5 billion U.S. dollars worth of valuations, a 50% discount to the previous round of 3 billion U.S. dollars. According to The Information previously reported, Jawbone once told a business partner that it could not complete the payment by August. On Thursday, Jawbone’s main lender and minority shareholder, the Black Rock Group, disclosed that it had written down Jawbone’s shares and the price was reduced to less than 1 cent per share. The company initially purchased Jawbone shares for US$5.97 per share. Moreover, Jawbone is currently caught in two lawsuits related to Fitbit. After listing on the Fitbit in 2015, Jawbone accused Fitbit of infringing its patent rights and stealing trade secrets. However, in the case of patents, the court made a decision in favor of Fitbit in April this year; regarding theft of trade secrets, the court is currently under review and has not entered the trial stage. For The Information report, Jawbone has not given any reply yet. Via The Information
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