Fitbit discloses that it bought smartwatch startup Pebble for $23 million
Advertisement
Craig Barritt/Getty Images for AOL Inc.
Advertisement
The sale price was a secret until now, and was listed in Fitbit's earnings release. When the deal was formally announced late last year, neither company would disclose how much the deal was worth.
After the sale, Fitbit shut down Pebble and only offered jobs to about 40% of the staff, mostly those working on Pebble's software. Everyone else was laid off.
Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More
Fitbit also disclosed Wednesday that it paid $15 million for Vector Watch, another smartwatch company.
Advertisement
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema
- Realme C65 5G with 5,000mAh battery, 120Hz display launched starting at ₹10,499
- 8 Fun things to do in Kasol
- SC rejects pleas seeking cross-verification of votes cast using EVMs with VVPAT
- Ultraviolette F77 Mach 2 electric sports bike launched in India starting at ₹2.99 lakh
- Deloitte projects India's FY25 GDP growth at 6.6%