Fitbit (NYSE:FIT) gains 9.8% on a Reuters report that the company is talking with an investment bank about a potential sale.
FIT has not yet decided it will pursue a sale. Investment bank Qatalyst Partners reportedly advised the company to explore its options for several weeks, saying FIT could attract interest from PE firms and Alphabet.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.