Pebble acquired by FitBit for 40MM

[samcraig]

http://phandroid.com/2016/12/01/fitbit-buys-pebble/

Pretty intriguing. They were highly sought after last year and rejected a 700MM offer....

 

[Lloydbm41]

http://phandroid.com/2016/12/01/fitbit-buys-pebble/

Pretty intriguing. They were highly sought after last year and rejected a 700MM offer....

Waste of money on Fitbits part. Pebble was tanking and the 700 million was an over valuation. The company has trouble getting VC, and relies on Kickstarter is a serious warning sign. Then when they laid off 25% of their workforce in March, plus they no longer give out sales figures or revenue... The ship was sinking fast. The $40 million was probably a couple golden parachutes for the top few guys at Pebble.

 

[44267547]

Pebble was in danger and Eric Migicovsky (CEO) was out of options. This was a long time coming and they failed to innovate, which rendered them static and flat.

 

[maflynn]

Please join the discussion here: https://forums.macrumors.com/threads/fitbit-reportedly-close-to-acquiring-pebble.2018816/