Fitbit could be close to acquiring smartwatch maker Pebble

It wasn't that long ago that Pebble first burst onto the scene via Kickstarter and becoming one of the site's more successful campaigns to date. Since that time, a lot has changed, as the competition has increased and Pebble has struggled as a company with financial difficulties that have resulted in layoffs. As they bring the Pebble 2 products to market, it appears that the company might soon be purchased by a competitor.

While terms of the potential purchase are unknown, sources for The Information have stated that fitness tracking product maker, Fitbit, is very close to closing a deal to acquire Pebble. This would be Fitbit's second major acquisition this year if the deal closes by year's end.

Earlier this year, the company was able to acquire Coin and its wearable payments assets, which would allow them to integrate the feature into the future generation of products.

Source: The Information via TechCrunch

Report a problem with article
1480571715_screen_shot_2016-11-30_at_9.54.49_pm
Next Article

GoPro closes its entertainment division and eliminates more than 200 full-time positions

1480285570_dsc01116
Previous Article

Google's Pixel has another camera problem, but this time it's a bit more serious

3 Comments - Add comment

Advertisement