Fitbit Acquires Pebble for Undisclosed Sum
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=edb988b7-124a-4580-900f-79348bae7c96 - Date
12/7/2016 - Company Name
Pebble - Mailing Address
925 Alma St. Palo Alto, CA 94301 USA - Company Description
Pebble is a customizable, Bluetooth-enabled smartwatch that connects to iPhone and Android smartphones. It features a 144×168 1-bit display, a 3-axis accelerometer and a Cortex-M3 ARM microprocessor. Pebble can be customized by installing new apps developed with its Software Development Kit. - Website
http://www.getpebble.com - Transaction Type
M&A - Transaction Amount
Undisclosed - Transaction Round
- Proceeds Purposes
- M&A Terms
Fitbit is acquiring software assets and hiring engineering team members in the deal. No hardware assets are being acquired and the company will stop selling hardware. Financial terms of the deal were not disclosed.
