Fitbit on Wednesday said it will buy the software assets of Pebble Technology but the deal excludes the hardware of the smartwatch pioneer.
No purchase price was announced but Bloomberg cited unnamed sources who said it was less than $40 million, which is about what was first reported final week. Click here to secure the free daily TechFlash Silicon Valley newsletter. Bloomberg's sources said the San Francisco-based Fitbit (NYSE:FIT) mainly wants Pebble's software engineers and testers and the…
Source: bizjournals.com