Jawbone is caught in a dispute among its investors that may force the slumping maker of fitness trackers to surrender control of its assets to one of them. But CEO Hosain Rahman has told his employees that he has funding commitments sufficient to save the company.
Investment manager Blackrock, which backed Jawbone last year with $300 million of debt, has been pushing for a sale of the company, according to a source close to the situation. Rahman and other investors are pushing back.
I believe everyone knows one of our larger constituents has been pushing for us to sell Jawbone, Rahman wrote in an October 8 email to employees that was obtained by Fortune. Even as we have a clear path towards funding, they continue to fight aga…
Read the full article at: http://fortune.com/2016/10/11/jawbone-ceo-hosain-rahman-blackrock/