Subscribe to Entrepreneur for $5
Subscribe

Fitbit Buys Smartwatch Maker Pebble's Software Assets

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

By
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.

Reuters | Steve Marcus
Fitbit Blaze watches are displayed during the 2016 CES trade show in Las Vegas, Nevada.

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)

Entrepreneur Editors' Picks