Back in December Fitbit announced that it was acquiring Pebble, the company did not reveal how much it had paid for the smartwatch maker, although rumors suggested it was around the $40 million mark.
Now Fitbit has revealed that it paid $23 million for Fitbit, this included the company’s assets, intellectual property.
Fitbit also purchased another smartwatch company, Vector Watch and they have now revealed that they paid $15 million for that company.
The news of the acquisitions were revealed in Fitbit’s latest earnings released, the company has revenue of $573.8 million and sales of 6.5 million devices for quarter four 2016.
Source VenturebeatFiled Under: Technology News