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The article says that Pebble was offered $750M by Citizen in 2015. Is that realistic considering Citizen's market cap is (only) $2B ?
by kapkapkap 10y ago
The article says that Pebble was offered $750M by Citizen in 2015. Is that realistic considering Citizen's market cap is (only) $2B ?
- mi100hael 10y agoTheir market cap is more like $235B https://www.google.com/finance?q=TYO%3A7762&ei=2kdAWJHcJc_BeuKspbAL https://www.google.com/finance?q=TYO%3A7762&ei=2kdAWJHcJc_Be... Edit: oops, that's JPY, not USD.
- andrewfrench 10y agoListed values are in JPY, so ¥235B -- about $2B.
- kapkapkap 10y agoNo, that is $235B in JPY. It converts to $1.9B USD.
- hackcrafter 10y agoSince this is just rumor, we probably don't know what the actual deal amount would have been after said and done, but probably more than they are getting with Fitbit. I tell you, I feel for their CEO Eric Migicovsky. SV lore is strong on how Mark and Larry&Sergey turned down offer after offer that in retrospect makes them look like prescient leaders and underdogs-turned-heroes. These are the stories that movies are made out of. And how can you not want to follow in those footsteps? And then you hand your company over at a fire-sale price, and for the rest of your life keep thinking... 700M... 700M... ugg it hurts.