Fitbit to Cancel Pebble Time 2, Stone Key Upon Acquisition and Refund Backers: Report

The other day, it absolutely was described that Fitbit is looking to purchase Pebble for as little as $40 million. Now, a fresh report sheds gentle on more information of the deal, and it looks such as the Pebble Time 2 and Stone Key will never hit the industry if this deal comes through.According to Bloomberg, this Fitbit and Pebble package is’forthcoming’and that just 40 per cent of the workers will undoubtedly be retained – primarily computer software engineers. This testifies further to Fitbit’s ideas to just acquire the application business, and release down the equipment and products line. Moreover, the record states that the Pebble Time 2 and Stone Primary smartwatches will undoubtedly be cancelled, and the money is likely to be refunded to the crowdfunding backers. The smartwatches were crowdfunded on Kickstarter, and the Stone Time 2 managed to improve $13 million.

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