Fitbit acquired Pebble
At the beginning of the month, the news that we reported was confirmed, Pebble, a smart watch company that attracted so many attention is bought by Fitbit, the leader of this industry.
With the rumors of such an acquisition in the past days, Pebble announced that they would cancel the new Time 2 and Core models. In the purchase statement, Kickstarter said that users who purchased these products will get refunds within 4-8 weeks.
Pebble, who entered the market withKickstarter, came out with the purchase of Fitbit. Although the details of the deal are indicted, estimates suggest that the purchase price is between $ 34 and $ 40 million. It is stated that this price covers the company’s debts.
It is also clear that Pebble’s CEO Eric Migicovsky would not support Pebble products and that new products would not be available. Migicovsky thanked all Kickstarter users for their support so far, saying that the Pebble products still in use will continue to work without any difficulties.
The warranty period for Pebble models that are in use with the purchase has come to an end. It is also stated that Pebble users can purchase charging cords and various accessories from Amazon. It is expected that there will be no change in user experience in a short period of time, but the quality of functionality and service may be expected to decrease in the future.
Explaining that the majority of Pebble’s software team has joined Fitbit, Migicovsky added that they will continue to work in the field of wearable technology. Fitbit, the leader of the wearable technology market, has greatly strengthened its software with this move.