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.
(Score: 0) by Anonymous Coward on Thursday December 08 2016, @08:14AM
I use my smartwatch as a silent ring indicator. My phone neither rings nor vibrates. My watch vibrates instead. I'm never out of bluetooth range of my phone (or at least not out of bluetooth and still close enough to hear it ring). Its also a theft/loss alert because if my phone does go out of range, my watch lets me know that too, although it isn't instantaneous.