Brand: Fitbit
Acquisition: Pebble
News: Fibit set to acquire wearable company Pebble for 40 million
In not so surprising news the wearable company Fitbit has decided that it needs to no longer have a competitor when it was announced that the company was in the final steps towards acquiring Pebble ( who also makes wearables )
The deal is said to be around 40 mil which is probably a steal for Fitbit an a major L for Pebble, expect official news to come in the next few days. If you have any Pebble wearables i wouldn't really worry as they probably wont be doing any major changes more so likely they may breathe new life into the dying brand.....
Leave a comment down below with your thoughts are you a fan of companies buying each other> or should they just stay competitors?
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