Jawbone is selling off pieces of its business, reports say

OREANDA-NEWS. May 30, 2016. Jawbone has put its Jambox speaker business up for sale, according to a report Friday from Fortune magazine, which cites "multiple sources." The company wants to focus "exclusively on its health and wearables business," the magazine reported.

Later on Friday, Tech Insider -- also quoting unnamed sources -- reported that Jawbone has halted production of its Up fitness trackers and sold the remaining inventory at a discount to a reseller.

"We aren't commenting on the speculations made in the reports today, but we can say with certainty that we are not selling our fitness tracker business," a Jawbone spokeswoman said in an email.

Jawbone, which has been struggling to compete against companies like Apple and Fitbit, laid off 15 percent of its global workforce last November. It has also been involved in a series of lawsuits against Fitbit, alleging that its rival stole trade secrets by poaching employees. In October, a San Francisco judge ordered five Fitbit employees to return confidential information they took before leaving Jawbone.