A few days ago, foreign media The InformaTIon reported that US wearable device manufacturer Fitbit will acquire Pebble, the originator of smart watches; now, the news has made new progress. According to a Bloomberg quoting person, the current acquisition of Pebble by Fitbit is coming to an end. Through this acquisition, Fitbit will receive intellectual property including the Pebble smartwatch operating system, apps and cloud services. It is understood that the transaction amount of this acquisition is even less than 40 million US dollars, and the money is not enough to offset the debt owed by Pebble. In addition to the above-mentioned property that has been accepted by Fitbit, other properties such as Pebble's server equipment will be sold separately for debt. The completion of the acquisition also means that the stock held by Pebble employees has little value; the acquisition will be used to pay the supplier's debt, repay the money to the main investors. In terms of specific staffing, Fitbit will provide jobs for 40% of Pebble employees, most of whom are software engineers, and a small percentage of UI designers; but the hardware team does not get any job opportunities. All unemployed Pebble employees will receive compensation for separation. Pebble CEO Eric Migicovsky will join Y Combinator, a startup incubator, as a partner to advise startups working on hardware development. On the product side, Pebble launched three smart watches through network fundraising in May 2016, namely Pebble 2, TIme 2 and Pebble Core. It is said that Pebble 2 has been shipped to the original sponsored participants, but TIme 2 and Pebble Core will be cancelled, and the funds raised by these two watches will be returned through Kickstarter. As the acquisition ends, Pebble will close its Silicon Valley office, and the received employees will be placed at Fitbit's San Francisco office; Fitbit will decide whether to keep the Pebble brand. But so far, both Fitbit and Pebble CEO Eric Migicovsky have not responded to this news.
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November 15, 2024