Fitbit buys smartwatch maker Pebble's software assets: Reuters
Wearable device maker Fitbit Inc said it had bought smartwatch maker Pebble Technology's software and intellectual property as it looks to strengthen its position in the wearables market, Reuters reported. The financial terms of the deal were not disclosed, although Bloomberg had earlier reported that it was valued at less than US$40 million. Palo Alto, California's Pebble was launched in 2008 by Canadian entrepreneur Eric Migicovsky, a University of Waterloo engineering graduate. The company's investors included U.S. venture capital firm CRV .
7 December 2016•1 min read
