Fitbit is close to buying Pebble

Fitness wearables manufacturer Fitbit is close to buying smartwatch maker Pebble, according to The Information — news that has since been independently confirmed by The Verge. Sources say that a deal would see Fitbit taking Pebble's intellectual property, such as its operating system, but would see the Pebble brand phased out. It's not clear yet when the deal will be completed, or when it will be announced.
The Information cites three people reportedly familiar with the deal, who say that