HI-TECH NEWS with #pebble hashtag

by menarate
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Fitbit Inc., the fitness band maker, has recently acquired software assets and intellectual property from California based Pebble Technology Corp. First launched in 2012 on Kickstarter and gained fame for being a wildly successful crowdfunded project, Pebble produced utilitarian smartwatches, with their “e-paper” displays and relatively long battery life. They say the deal makes obvious that Fitbit is going to totally immerse into the smartwatch market, extend its leadership position in the wearables category and compete with Apple smartwatches.

by Smartmon
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Among the more interesting tidbits to be found in Fitbit’s disappointing new financial filing is the fact that it apparently picked up Pebble’s assets for a relative song. While the company didn’t reveal the actual numbers when the acquisition was announced late last year, reports pegged it at upwards of $40 million.