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Fitbit reportedly purchasing and phasing out smartwatch maker Pebble

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<p>According to a number of sources (https://www.theinformation.com/fitbit-to-buy-pebble), Fitbit is on the verge of acquiring smartwatch maker Pebble. The deal comes as both companies are facing declining fortunes in the wearable industry. Notably, this acquisition will reportedly see the Pebble brand phased out.</p>
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Source: Fitbit reportedly purchasing and phasing out smartwatch maker Pebble (http://feedproxy.google.com/~r/9To5Mac-MacAllDay/~3/Ax2Qv9COA74/)