Fitbit closes in on acquiring smartwatch maker Pebble

Published: 2/12/2016
Fitbit closes in on acquiring smartwatch maker Pebble
Source: NYPOST.COM

Fitbit is close to acquiring Pebble, the pioneering smartwatch maker that lately has run into cash problems, according to sources close to the talks. Fitbit — whose fitness trackers have suffered from flagging demand this year, pounding its stock — is in “advanced talks” to acquire Pebble for between $34 million and $40 million, according...

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