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Why does it say that Pebble Tech is a failed company? I thought it was aquired by Fitbit?
by reeeeee 7y ago
Why does it say that Pebble Tech is a failed company? I thought it was aquired by Fitbit?
- mytailorisrich 7y agoBecause they went bust. Only then Fitbit bought what they deemed valuable.
- ben1040 7y agohttps://investor.fitbit.com/press/press-releases/press-release-details/2016/Fitbit-Inc-Acquires-Assets-from-Pebble/default.aspx https://investor.fitbit.com/press/press-releases/press-relea... Fitbit didn't acquire Pebble; they acquired some assets from Pebble. The corporate entity Pebble still existed, with all the liabilities left on the balance sheet, and someone had to wind it down.