Andro Dollar Andro Dollar
  • Advertise on Andro Dollar
  • Videos
  • Gaming
  • About Us
  • Contact Us
  • Newsletter
  • Wallpaper
  • Privacy Policy
  • Terms and Conditions
Andro Dollar Andro Dollar Andro Dollar
  • Videos
    • Unboxings
    • Reviews
    • Tips
    • Vlogs
    • Best Apps
    • Best Games
  • Shorts
  • Reviews
  • News
download

Pebble acquired by Fitbit for $40 million

  • Banu
  • December 7, 2016
  • 1 minute read
Total
0
Shares
0
0
0

The wearable maker that pioneered the smartwatches and made it look like a interesting product – Pebble has confirmed it’s closing as an independent entity due to the acquisition by Fitbit.

Late last month rumors emerged that Fitbit was set to acquire Pebble. Today, the Pebble CEO confirmed this in a blog post. Fitbit has acquired software assets from Pebble. The deal is about Pebble’s intellectual property in the form of OS, watch apps, and cloud services.

What is most important to know for current Pebble users is that warranty support is no longer available for any of the company’s watches. The Pebble Core and Time 2 models will also not be shipped and people that have pre-ordered them will be automatically refunded by Kickstarter within 4 to 8 weeks. All wearables that are currently in use will continue to work as intended but functionality and service quality will most probably suffer in the long term.

Additionally, Fitbit also hires Pebble’s software engineers and testers. As much as 40% of Pebble’s engineers have received job offers from Fitbit already.

According to reports, The price Fitbit will pay for the assets is around $40 million. Pebble’s debt and obligations exceed that and the company will likely cover them with selling its product inventory and server equipment.

Pebble’s devices will most likely be discontinued after the acquisition. This is gonna be some sad news for pebblers but some good news for Fitbit fans because we could start to see some amazing wearable devices from Fitbit in the future.

Source – Pebble

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Related Topics
  • Fitbit
  • Pebble
Banu

I'm Banu. I also go by as "Andro Dollar". I am a passionate tech geek born and raised in Sri Lanka who likes to do creative things and look at things differently. I'm a risk taker and a perfectionist. If I'm doing something, I'll do it right! That's my Moto.

Previous Article
pandora

Pandora Premium unveiled for $10

  • Banu
  • December 7, 2016
View Post
Next Article
applemusiclogo

Apple Music has more than 20 million paid subscribers now

  • Banu
  • December 7, 2016
View Post
You May Also Like
View Post
  • News

Apple Vision Pro Headset announced by Apple at WWDC 2023

  • Banu
  • June 6, 2023
View Post
  • News

WWDC 2023: What to Expect

  • Banu
  • June 1, 2023
View Post
  • News

The future with ChatGPT

  • Banu
  • January 19, 2023
View Post
  • News

New M2 Pro and M2 Max 14/16″ Macbook Pro Wallpapers

  • Banu
  • January 18, 2023
View Post
  • Gaming

Which playstation 5 is right for you? PS5 digital vs disk edition!

  • Banu
  • September 6, 2021
View Post
  • Gaming
  • Gaming with Andro Dollar

Playstation 5 Buying guide in sri lanka (2021)

  • Banu
  • September 3, 2021
View Post
  • Computers
  • News

Freshly Redesigned MacBook Pro for 2021 coming as soon as this summer with up to 64GB RAM and 10-core chip

  • Banu
  • May 19, 2021
View Post
  • Gaming
  • Unboxing
  • Videos

Sony Playstation 5 Unboxing in Sri Lanka

  • Banu
  • April 6, 2021

Leave a Reply Cancel reply

You must be logged in to post a comment.

Ebates Coupons and Cash Back
Andro Dollar Andro Dollar
  • Advertise on Andro Dollar
  • Videos
  • Gaming
  • About Us
  • Contact Us
  • Newsletter
  • Wallpaper
  • Privacy Policy
  • Terms and Conditions
Tech with over a decade of experience

Input your search keywords and press Enter.

Powered by Joinchat
Hello 👋
Can we help you?
Open chat