Fitbit reportedly close to acquiring Pebble for a 'small amount'

After earning more than $10.2 million from its original Kickstarter in 2012, Pebble may soon be acquired.

Fitbit is said to be in “advanced talks” to acquire Pebble. That’s according to reports from Financial Times and The Information. Details aren’t confirmed, but it’s said that the deal is in the closing stages. It’s also rumored that Fitbit will be paying a “small amount” for Pebble.

Finally, it’s said that many of Pebble’s employees will join Fitbit after the deal is done, but any future production of Pebble smartwatches is said to be in doubt.

Pebble made waves in the mobile space with its original smartwatch, and the company has continued to improve its software and release new hardware since then. However, Pebble is facing stiff competition from the Apple Watch and all of the device’s that run Google’s Android Wear platform, and it’s said that Pebble has been having financial struggles as of late.

Have you ever used a Pebble smartwatch?

Pebble

Fitbit reportedly close to acquiring Pebble for a 'small amount' originally posted at http://phonedog.com