Around a year ago Essential, the company founded by Android creator Andy Rubin, revealed an Amazon Echo-style smart speaker dubbed the "Home." However, if Bloomberg is correct, the device might never make it to market.
According to Bloomberg, Essential is in trouble-- so much so it is "considering selling itself," with Credit Suisse helping with the sale. Such a deal would cover the entire company, including its patent portfolio and hardware products such as the Essential smartphone and the aforementioned Home speaker. Also "likely" to be part of the deal is the Essential stable of engineering talent, whose members include ex-Apple and Google hires.
So far Rubin has replied to the Bloomberg story via Twitter, posting “We always have multiple products in development at the same time and we embrace canceling some in favor of the ones we think will be bigger hits. We are putting all of our efforts towards our future, game-changing products, which include mobile and home products.”