The troubled maker of fitness wearables is reportedly eyeing the smartwatch pioneer for its intellectual property and operating system.
Fitbit is reportedly buying rival Pebble for a fraction of what Pebble was offered in 2015. The deal shows how both consumer and investor enthusiasm for wearables has cooled markedly.
The outlook on the wearable technology space is not all doom and gloom.
Stocks moved slightly higher Thursday on the first trading session of December after the markets rallied throughout November