Fitbit & Jawbone-A Marriage in Fitness Tracker Heaven Not Meant to Be

Fitbit & Jawbone-A Marriage in Fitness Tracker Heaven Not Meant to Be

Fitbit and Jawbone have a well-documented and contentious past relationship with ongoing legal patent issues.

It was an interesting but unsurprising turn of events when it was reported the two fitness tracker wearable companies were considering an acquisition.

Fitbit has been on a shopping spree as of late snapping up both Pebble Smartwatches and Vector the European Smartwatch manufacturer, Vector.  As we have been reporting, Fitbit is in the process of expanding their software and technical personnel arsenal to move into the Smartwatch segment of the Wearable Tech markets.

Fitbit News and Reviews

Read About Fitbit’s Acquisition of Vector Smartwatch

What seems to be the reason for the breakdown in adding Jawbone to the Fitbit wearable tracking family?

Sometimes things are as simple as what they seem, and price seems to be the hindering factor in the breakdown of acquisition negotiations between Fitbit and Jawbone.  It has been suggested that Fitbit only wanted to offer a minuscule percentage of Jawbone’s 1.5 company valuation from 2016.

The wearable industry would have benefitted from a potential consolidation of Fitbit as a leader of the fitness tracker market with Jawbone to put an end to allegations of theft of trader secrets and ongoing patent infringement lawsuits.

CHECK OUT: LATEST REVIEWS ON FITBIT FITNESS TRACKERS

Fitbit put an end last month to the patent infringement part of the Jawbone case but with negotiations breaking down, the ongoing trade secret misappropriation issue is now set for trial in California this year.

While Fitbit is continuing to build a solid base for both the wearable fitness tracker market and transition into innovative Smartwatch markets, where does Jawbone go from here?

The good news is that things have been looking up for the embattled Jawbone fitness tracker brand.  In addition to the $165 million in funding they raised a year ago, Jawbone also raised $300 million from BlackRock investment manager firm.

CHECK OUT: LATEST REVIEWS ON JAWBONE FITNESS TRACKERS

Last year, Jawbone reportedly had a dispute with BlackRock trying to force a sale of the fitness tracker company.  This was met with resistance from the Jawbone CEO resulting in the company hiring an investment bank to handle any potential bids for the sale of the company.

Jawbone still retains a well received fitness tracker wearable, proprietary software, and technical personnel as part of their overall value, so it will be interesting to see how Jawbone goes in finding that perfect match in the future.


Related Articles

Smart Jewelry Reviews: Best Smart Jewelry to Buy Online

Misfit and Swarovski’s teaming arrangement has crafted a uniquely stunning breakthrough design for fashionistas. This is great news for those who are tired of the mass market metal and plastic materials of techie professional product design styles that predominate in today’s wearables tech marketplace.

FITBIT: FITNESS TRACKER GIANT TAKES A STEP OFF A CLIFF THIS WEEK

Fitbit was punished this week on Wall Street by shaving off 33% of the stock value this week. This was mainly due to investors disappointment with lagging sales.

Concerned about your safety? Stay safe today with Mangos, a crime fighting smart ring of the Future!

Mangos is one of the latest wearables that has the function of a panic button. We aren’t going to complain, staying safe in today’s world is a true concern. 

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Only registered users can comment.