Pebble smartwatch maker will shut down and sell its intellectual property to Fitbit

Pebble Technology Corp., one of the first companies to manufacture smartwatches, said it will shut down and sell its software and intellectual property to Fitbit Inc., which also plans to hire some of Pebble’s “key personnel.” “Due to various factors, Pebble is no longer able to operate as an independent entity,” Pebble founder Eric Migicovsky […]