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: 2) by FatPhil on Thursday December 08 2016, @04:48PM
But even that bandwagon is a temporary fad, IMHO. That would only have prolonged their life a few more years.
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