Medtronic (MDT), Fitbit (FIT) Partner to Integrate Health and Activity Tracking for Patients With Diabetes
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Mizuho Securities Remains Sidelined on Fitbit (FIT) Following Announced Acquisition and Partnership
December 7, 2016 10:46 AM ESTMizuho Securities reiterated a Neutral rating and $9.00 price target on Fitbit (NYSE: FIT) following the company's announced acquisition of specific IP and key personnel from Pebble, as well as a partnership with Metronic on Glucose Monitoring. Mizuho expects the deal with Pebble to accelerate... More
Fitbit (FIT) Announces Acquisition of Certain Pebble Assets
December 7, 2016 9:15 AM ESTFitbit, Inc. (NYSE: FIT) announced that it has acquired specific assets of Pebble, including key personnel and intellectual property related to software and firmware development. The acquisition excludes the companys hardware products.
With this acquisition, Fitbit adds deep industry expertise in platform development that complements the companys core discipline of innovative health and fitness features. The additional resources will facilitate the faster delivery of new products, features and functionality while introducing speed and efficiencies to develop the general purpose... More
