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Fitbit buys smartwatch maker Pebble's software assets

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Fitbit unveiled its first smartwatch on Monday, hoping that the health-focused features of the device will reverse the hardware maker's declining influence in the wearables market.

[NEW YORK] Wearable device maker Fitbit Inc said on Wednesday that it had bought smartwatch maker Pebble's software and intellectual property.

The deal, which closed on Dec 6, did not include Pebble's hardware products, Fitbit said.

The financial terms of the deal were not disclosed.

REUTERS

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