Kickstarter darling Pebble shut down after being bought for $40m

The deal, according to a report from Bloomberg, values the smartwatch startup at less than $40m. If true, that is a massive drop from earlier reported acquisition attempts. Techcruch says Pebble was first offered $740m by watchmaker Citizen in 2015, and then $70m by Intel in early 2016. Pebble’s chief executive, Eric Migicovsky, reportedly refused both offers.

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