ReutersSep 21, 2019 00:15:31 IST
(Reuters) - Wearable device maker Fitbit Inc
Fitbit has held discussions with investment bank Qatalyst Partners about whether it should engage with potential acquirers, the sources said.
Fitbit has not yet decided whether it will pursue a sale and there is no certainty it will do so, the sources said. Qatalyst has been seeking to persuade Fitbit to explore its options for several weeks, arguing it could attract acquisition interest from Google owner Alphabet Inc
The sources asked not to be identified because the matter is confidential. Fitbit and Alphabet said that it is their policy not to comment on rumours and speculation. Qatalyst did not respond to a request for comment.
(Reporting by Greg Roumeliotis in New York; Additional reporting by Joshua Franklin in New York and Paresh Dave in San Francisco; Editing by Nick Zieminski)
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