Fitbit Buyout Will See Pebble’s Time 2 and Core Wearables Canceled, Refunds Issued
Late last month we reported that Fitbit was closing in on a deal to acquire smartwatch maker Pebble “for a small amount”. Bloomberg has now revealed that the buyout will cost “less than $40 million” and exclusively concerns Pebble’s software assets, which are being sought by Fitbit “in a bid to better compete with Apple”,…
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