Pebble, one of the most popular Kickstarter projects and a struggling smartwatch maker could be acquired by Fitbit.
A report by The Information claims that negotiations are going on, and it could soon make the deal announcements. The report adds that the amount involved is small, but the exact number is not yet known. Those who’ve appreciated and loved Pebble products, should know that reportedly Fitbit will acquire the assets and close down the products over the time.
Though we’ve seen Pebble smartwatches over the years, with the Pebble Time Steel this year, it hasn’t been an easy road for the startup over the past one year. The company is also known top have turned to debt funding and loans, and also had to let go a significant number of staff. We’ve tried reaching out to Fitbit, but there has been no response.