Fitbit close to takeover of Pebble - report

Thursday 1 December 2016 | 09:23 CET | News
Fitbit is in advanced talks to acquire rival Pebble, several people close to the negotiations told the Financial Times. According to the report, Fitbit is expected to pay a low price for Pebble, which has struggled to expand its smartwatch business after raising over USD 40 million through the crowdfunding platform Kickstarter. While founder and chief executive Eric Migicovsky was hoping to sell for about USD 200 million, Fitbit is paying far less than that, the paper's sources said.

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Categories: Mobile & Wireless
Companies: Fitbit / Pebble Technologies
Countries: World
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