Fitbit stock jumps on report that it's considering a sale
Fitbit has hired boutique investment firm Qatalyst Partners to explore a sale, according to a person familiar with the matter.The company has not decided if it intends to pursue a sale and there's no certainty it will do so, sources familiar with the matter told Reuters.has hired boutique investment firm Qatalyst Partners to explore a sale, according to a person familiar with the matter. Shares of the wearables company climbed as much as 9% following the news.
No deal is imminent, said the person, who asked not to be named because the process is private. News of Fitbit exploring a sale was first reported byQatalyst has urged Fitbit to consider a sale of the business, saying it could garner interest from the likes of-- CNBC's Alex Sherman contributed to this report.
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