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A comment on Fitbit is reportedly buying Pebble for around $40M. Parent comment

Re:Fitbit is reportedly buying Pebble for around $40M by argonaut on Thursday December 01, 2016 @04:22AM (#13078225)
"Our source said that Fitbit is now paying between $34 and $40 million for the company and is 'barely covering their debts.'"

After paying debt and preferred shareholders, I won't be surprised if the founders and employees see absolutely nothing (as in, absolutely $0), although employees will probably receive retention payouts.

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Re:Fitbit is reportedly buying Pebble for around $40M by camillomiller on Thursday December 01, 2016 @04:06PM (#13083503)
Not selling to Citizen for 750M in 2015 was a hell of a mistake. I really would to be behind the rationale to say no to a deal like that, when the market was clearly seized by Apple and way richer competitors...
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