Summary… * Machine-Made
A report from The Information states that the fitness tech giant #Fitbit is finalizing a deal to buy #Pebble.
The report suggests the price would be for "a small amount," and an independent source confirmed to Engadget that #Fitbit will buy #Pebble for $34 to $40 million.
#Pebble, which first came on the scene through its popular Kickstarter campaigns for its smartwatches, recently announced it would lay off 25 percent of its workforce.
Intel also wanted to buy #Pebble for $70 million earlier this year, but it would have required a delay in the launch of the #Pebble 2 and the #Pebble Time 2.
Ars has reached out to both #Fitbit and #Pebble for comment.
Opinion… * Man-Made