Fitbit wants Pebble's technology018 Archives but not its hardware.
The big-name activity tracker will buy its smaller rival's software and firmware intellectual property and absorb some of its staff, but not acquire its smartwatch, Fitbit announced Wednesday morning.
The acquisition had been rumored before Fitbit's announcement.
SEE ALSO: Apple, which doesn't reveal Watch sales data, says Watch sales are great“With basic wearables getting smarter and smartwatches adding health and fitness capabilities, we see an opportunity to build on our strengths and extend our leadership position in the wearables category,” Fitbit CEO James Park said in a statement. “With this acquisition, we’re well positioned to accelerate the expansion of our platform and ecosystem to make Fitbit a vital part of daily life for a wider set of consumers, as well as build the tools healthcare providers, insurers and employers need to more meaningfully integrate wearable technology into preventative and chronic care.”
Fitbit didn't say how much it paid for Pebble's assets. Earlier reports estimated a $30 to $40 million price. The transaction closed on Tuesday, Fitbit said.
Pebble gained a a chunk of the wearables market with its smartwatch, which took off before Apple and other companies stepped up their health and fitness offerings.
But the company had struggled recently and in March laid off a quarter of its staff.
The acquisition likely means the end of Pebble's wearables.
Topics Fitbit
Previous：Sméagol in the Sky
Next：Techies and Tankies
The Whimper of Democracy
Disney is using facial recognition to predict how you'll react to movies
'TGIF' is coming to Hulu to satisfy all your '90s cravings
Kanye's sneakers appear in the most unexpected place: 'Splatoon 2'
I Am Not a Fish Dating a Bird
'Wonder Woman' director Patty Jenkins joins Chris Pine for a TV series
'Deadwood' movie script is done, now HBO just needs the cast
In Silicon Valley, even a place to live is a job perk
How to Lie: Donald Trump, Jr. fails in the family trade
Facebook pledges money to help keep elections safe
A Great, Soulless Get
TSA requires separate scans for electronics bigger than smartphones
'The Emoji Movie' Review
Apple is no longer selling the iPod nano and iPod shuffle
Putting People First in Pennsylvania
Apple owes WARF $506 million for intellectual property it used
Olive Garden will soon introduce Cookie Butter Cake to its menu
HTC's standalone Vive headset could save VR from AR's assault
Here are some good words we didn’t write
Google rolls out its Trusted Contacts tracking feature to iOS
Piers Morgan simply does not realize J.K. Rowling masterfully subtweeted himEverything coming to Hulu in November 2019Google's selfAfter mass shootings, Google told Congress his arrest was progress. But the truth is complicated.Dad Photoshops images with daughter for bone marrow registry projectNASA's Mars InSight is unstuck and officially back to workThe Analogue Pocket celebrates the history of mobile gamingPiers Morgan simply does not realize J.K. Rowling masterfully subtweeted himNASA's Mars InSight is unstuck and officially back to workAfter mass shootings, Google told Congress his arrest was progress. But the truth is complicated.7 things that lasted longer than Michael Flynn as national security adviserA massive dark web child porn site was brought down by tracing bitcoin'Zombieland: Double Tap' should've stayed dead: ReviewAnd in other news, Chrissy Teigen still managing fallout of eating Fun Dip with fingersSamsung Galaxy S10 bug lets any fingerprint unlock itThis BBC weather presenter just busted out a total mic drop of a punAn Aussie airline successfully tested a nonstop NYC–Sydney flightThis BBC weather presenter just busted out a total mic drop of a punHow to (mostly) remove annoying Memoji from the iMessage keyboardWhere the hell did this head Best Blink Indoor deal: Save on home security cameras Cecil the Lion's son killed by trophy hunter TikTok's latest trend asks users to unleash their inner stadium hot dog vendor. It rules. AI isn't your boss. It isn't a worker. It's a tool. Footage shows capsule diving through Earth's atmosphere at blazing speed Wendy's is trying out dynamic pricing. It's not as Uber as it sounds. Forget videos. Google Genie lets users generate playable images resembling video games Best Dyson deal: A refurbished Dyson Airwrap Complete (1st gen) is $170 off at Dyson That incredibly well Almost 100,000 people were watching a fake Facebook Live of a tornado GIF Nothing Phone 2a design revealed: Still transparent, still pretty cool The Navy's silent drone destroyer is this ridiculously powerful laser I was ready to dismiss Switch 2 GameChat, but so far I love it A lawmaker asked a scientist if there was ever a civilization on Mars Elon Musk says new 'mind Best TV deal: Smsung's The Frame TV is under $1,000 at Amazon Fishermen find an 18 Apple killed its EV car, according to report: 5 reasons why Google Maps: A new time Electronic Arts announces layoffs and cancels Star Wars game
2.7437s , 10098.875 kb
Copyright © 2025 Powered by 【2018 Archives】,Charm Information Network