Re:Fitbit is reportedly buying Pebble for around $40M
by vortexo on Wednesday November 30, 2016 @11:48PM
(#13077254)
"A source close to the company told TechCrunch that watch maker Citizen was interested in purchasing Pebble for $740 million in 2015. This deal failed and before the launch of the Pebble 2 Intel made an offer for $70 million. The CEO, Eric Migicovsky refused both offers. Our source said that Fitbit is now paying between $34 and $40 million for the company and is barely covering their debts."
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Re:Fitbit is reportedly buying Pebble for around $40M
by jaclaz on Thursday December 01, 2016 @06:31AM
(#13078710)
To be fair, also:
>Fitbit, too, has experienced its own challenges. The company priced its shares at $50 a go when it listed on the New York Stock Exchange in 2015, but today it is trading at $8.40. That depression is largely down to less-than-impressive financial results.
It seems like the values atributed to these companies/assets are random numbers.
I can understand that in technology related companies even a strong appreciation (or depreciation) is possible in a short period of time, but there must have been some initial overestimation in these cases.