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posted by cmn32480 on Thursday December 08 2016, @12:03AM   Printer-friendly
from the sunk-like-a-stone dept.

Pebble has announced that the company will shut down and cease the production of its smartwatches. Many of the developers will join Fitbit, and Fitbit has acquired Pebble's "technology, software, and other intellectual property".

Pebble previously rejected offers of $740 million and later $70 million for the company. Fitbit is paying around $40 million for parts of Pebble without assuming its debts (which are around the same amount).

"A Look Back at Pebble's Rise and Fall" at PC Magazine.


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  • (Score: -1, Troll) by Anonymous Coward on Thursday December 08 2016, @12:40AM

    by Anonymous Coward on Thursday December 08 2016, @12:40AM (#438564)

    You can't "acquire" software assets, software is not property, all software is free software, and all free software is on the github, because linux.

    Blessed be the torvalds.

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