Fitbit Buys Smartwatch Maker Pebble's Software Assets

The deal, which closed on Dec. 6, did not include Pebble's hardware products.
Fitbit Buys Smartwatch Maker Pebble's Software Assets
Image credit: Reuters | Steve Marcus
Fitbit Blaze watches are displayed during the 2016 CES trade show in Las Vegas, Nevada.

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This story originally appeared on Reuters

Wearable device maker Fitbit Inc. said on Wednesday that it had bought smartwatch maker Pebble's software and intellectual property.

The deal, which closed on Dec. 6, did not include Pebble's hardware products, Fitbit said.

The financial terms of the deal were not disclosed.

 
 

(Reporting by Narottam Medhora in Bengaluru; Editing by Savio D'Souza)

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