Fitbit may be preparing to purchase Pebble, existing Pebble products will be phased out

Pebble is one of the best Kickstarter success stories. Predating the original Samsung Gear and Android Wear, Pebble's first fundraising campaign raised over $10 million and spawned multiple generations and models of e-paper wearables. But as many tech startups eventually do, Pebble is being acquired by wearable competitor Fitbit.

Engadget's anonymous source claims the purchase is somewhere between $34 and $40 million, "barely enough to cover its debts to suppliers, which amount to at least $25 million." If you were hoping for more Pebble devices down the road, you won't be happy to hear that Fitbit plans to phase out the entire company's lineup.

Fitbit may be preparing to purchase Pebble, existing Pebble products will be phased out was written by the awesome team at Android Police.