Fitbit bought Pebble for much less than originally reported

Fitbit paid $23 million for smartwatch maker Pebble, according to Fitbit’s fourth quarter earnings report, released earlier today. This buyout price is less than what was reported earlier, with some publications having reported that Fitbit paid somewhere between $34 and $40 million for the smartwatch startup.It’s highly unlikely the buyout price exceeded the debt that Pebble racked up over the past five years; and the newly-revealed detail is a sad and final conclusion for a startup