Essential responds to recent leaks of impending sale

May 25, 2018

Yesterday, reports of the Essential company originating via Bloomberg indicated that the firm was considering selling off its assets after a series of missteps.

Today, the saga continues. In an email obtained by The Information, Andy Rubin explained to employees that leaks do not position the company well for fundraising, but also argued that the firm would be working with bankers to raise money. An acquisition is just one of those options, as he described it in the email.

“We are not shutting down the company,” said Rubin in the email, “I’m going to focus on winning and not whining.”

Via The Information.

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