Fitbit buying Pebble

[Ry]

https://9to5google.com/2016/11/30/fitbit-pebble-purchase-phase/

 

[bitek]

more like shutting down competition.

 

[eshropshire]

I believe this new is incorrect. Fitbit is buying some assets from Pebble. I think they have structured this deal to make it clear they have not purchased the company so they have no liability for the existing Pebble hardware. The statement I have read is they purchased the software and have hired some former Pebble employees. Pebble then pretty much announced they were out of business and would not longer be able to honor Pebble warrantys.

 

[Ry]

I believe this new is incorrect. Fitbit is buying some assets from Pebble. I think they have structured this deal to make it clear they have not purchased the company so they have no liability for the existing Pebble hardware. The statement I have read is they purchased the software and have hired some former Pebble employees. Pebble then pretty much announced they were out of business and would not longer be able to honor Pebble warrantys.

..this thread was created before all of that was official.

 

[Ry]

Fitbit close to buying Pebble, Time 2 and Pebble Core could be killed off | Android Central
Pebble shuts down following Fitbit acquisition | Android Central

Fitbit has officially announced that it is acquiring "specific assets" of Pebble that includes "key personnel and intellectual property related to software and firmware development." No monetary terms were disclosed, but Bloomberg's report suggested the deal was valued under $40 million.

 

[eshropshire]

Sorry should have looked at the date.

Sad Pebble could not survive, at some point companies need to stop fund raising and start making money.