SourceCode: Pebble reportedly close to selling to Fitbit

By Gadjo Cardenas Sevilla

Pebble is reportedly in talks to get acquired and deleted by wearable giant Fitbit. Fitbit will reportedly purchase the struggling smartwatch pioneer for US $40 million, keep its intellectual property while eradicating the Pebble name and its various product lines. This is worrisome not just for existing Pebble owners but also for the sizeable amount of fans who have money on the hook for upcoming products like the Pebble Core and the Pebble Time Steel 2 slated to ship in 2017.

This isn't the first time Pebble was in talks for acquisition. The company refused a buyout from watch maker Citizen, who was interested in purchasing Pebble for $740 million in 2015 according to TechCrunch.

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