Stories
Slash Boxes
Comments

SoylentNews is people

Pebble Dead, Assets Sold to Fitbit

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

takyon writes:

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.

Original Submission

 
This discussion has been archived. No new comments can be posted.
Pebble Dead, Assets Sold to Fitbit | Log In/Create an Account | Top | 23 comments | Search Discussion
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.

  • (Score: 1) by Francis on Thursday December 08 2016, @03:27AM

    by Francis (5544) on Thursday December 08 2016, @03:27AM (#438609)

    That right there probably has something to do with why they haven't really taken off. Theres a few things I can think of doing with them, but the price isn't worth it. It would be nice to see who's calling me, what my next appointment is and some things like that on a watch, but the cost associated with it isn't worth it.

    If I'm going to spend that kind of money on something that I wear on my wrist, I'd rather get a nice watch. I love my Seiko and I'll have that on my wrist for years to come for less than what most of these wearables.