Fitbit Acquiring Pebble for ‘Less Than $40 Million’; Pebble Time 2 and Pebble Core Orders Being Refunded

Providing more details on Fitbit’s buyout of Pebble, Bloomberg reports that the buyout will cost “less than $40 million” to Fitbit and will be mainly related to hiring Pebble’s software engineers and other intellectual assets like its operating system and cloud services.

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