Fitbit Buying Pebble In Small Amount:
Smart watch maker Pebble was facing some troubles from, when the pebble unfazed by the Apple watch and Apple watch maker company Cupertino becomes leader among the smart watch market. by beating the Pebble. The CEO of Pebble Eric Migicovskye the reason behind this is " Pebble less focused on the apps for smartwatches then the Apple". Due to which Apple watches beaten the Pebble in market.
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In the past year, Pebble was launched three smart watches named as Pebble 2, Time 2 and Pebble Core in last year with latest software update and updated "Health Feature" which leads the Pebble to gain much profit in market then the Apple watch. But in 2016 due to troubles Pebble decided to sell itself to fitness wearable maker company named as Fitbit.
As Fitbit is struggling hard expand beyond the fitness wearable, so Fitbit buying Pebble to make better fitness wearable.
According to an information deal between the Pebble and Fitbit has been not yet announced, but they are close to done a deal that Fitbit buying Pebble in $34 Million to $40 Million.
Another source is also confirmed that Pebble had good offer in past, Pebble was offered to be sold in $740 Million but the company's owners refused. As in the result of poor performance in market, Intel offered to buy Pebble in $70 Million and Intel was agreed to hold the Launching of Pebble 2 and Pebble Time 2 Kick-star campaign. But the company owners again refused the offered and Fitbit is buying pebble in very small amount.
Fitbit will acquire all the intellectual properties, Technology including the Operating System of Pebble.
Fitbit or Pebble both yet do not have announced the deal but we are hoping that they will do it soon..
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