(Reuters) – Masimo said on Monday a potential joint venture partner is prepared to offer $850 million to $950 million for its consumer business, which includes health and audio products.
Masimo and the potential partner, which it did not name, are in active discussions regarding the terms of the joint venture, where Masimo has proposed to retain its ongoing litigation with Apple.
The company has been fighting a legal battle with Apple over a patent dispute on the blood oxygen sensors in newer Apple Watch models, forcing the iPhone maker to sell the devices without the feature.
(Reporting by Christy Santhosh; Editing by Shilpi Majumdar)
