Andy Rubin, the founder of a struggling Android smartphone maker that according to Bloomberg is considering selling itself, told employees in an email this afternoon that “no one (including me at this moment) knows what the best thing for the company will be.”
In the email, obtained by The Information, Rubin said his company Essential, which recently canceled plans for developing a new smartphone in favor of developing other products such as a smart speaker, said the company is “working with bankers to raise money.” He suggested an acquisition might be part of such discussions. Essential has raised more than $300 million.
“We are not shutting down the company,” he said.
Rubin, who spent nine years at Google and developed its Android phone operating system, lamented the Bloomberg article, saying it “will not position us well for optimizing” the fundraising effort. “I’m going to focus on winning and not whining,” he said. Last fall he took a temporary leave of absence from the company.