Jawbone Tested Market for Buyer, Delays August Payment

Jawbone, the iconic but long-troubled wearable electronics maker, in recent months has approached at least one hardware manufacturer about possibly selling itself, according to a person with knowledge of the discussion.

There are other signs the company, which primarily makes bracelet-like fitness trackers, isn’t in great shape. Jawbone recently told one of its business partners it couldn’t make an August payment deadline, according to a document reviewed by The Information.

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Jawbone was approached by Logitech International, the maker of computer accessories, about an acquisition a couple of years ago, according to a person with direct knowledge of the matter. Logitech earlier this year paid about $50 million (with a possible earn-out of up to $45 million) for Jaybird, which like Jawbone makers wireless Bluetooth earbuds.

—Martin Peers contributed to this article.

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“I think Jawbone has built a nice brand so there should still be some value in that."