Pebble stops business, sells assets to Fitbit

(Telecompaper) Smartwatch maker Pebble has abandoned the business and sold much of its assets to rival Fitbit. The company has shipped over 2 million pebbles to date and run the business based on crowdfunding. Pebble said the decision was "due to various factors" and said it would refund any Kickstarter backers who had not received products yet. Its devices will be supported for a limited time yet. Fitbit acquires much of the key personnel and intellectual property related to Pebble's software a