The arrangement, as indicated by The Financial Times, would help Fitbit's portfolio while keeping Pebble above water.
Kickstarter sweetheart Pebble made crowdfunding history a year ago when it raised a record $20.3 million to deliver its cutting edge Time smartwatch.
It earned another $26 million early this year with the assistance of the new Pebble Time Round, later extending its lineup to incorporate Pebble 2, Pebble Time 2, and Pebble Core—the organization's first non-smartwatch gadget.
Regardless of its endeavors to go up against Fitbit's respected wellness trackers, Pebble in March laid off 40 representatives, around 25 percent of its aggregate staff.
The battling startup, notwithstanding, shouldn't expect quite a bit of an occasion reward from its new parent organization. With its eye on the PebbleOS programming stage, Fitbit will pay "a low cost" for the maker, as per individuals near the arrangement.
Keeping in mind Pebble is exoected to hold a large number of its workers to keep up existing items, the organization will probably stop generation of its watches once the securing is finished.
Fitbit declined to remark on the bits of gossip; Pebble did not quickly react to PCMag's ask for input.
Fitbit finished 2015 as the "undisputed overall pioneer of wearable gadgets," as indicated by research firm IDC. Apple, Xiaomi, Samsung and Garmin balanced the main five. In any case, wellness trackers and smartwatches are losing their radiance, and market decays are leaving losses afterward.
One-time opponent to Fitbit, Jawbone over the mid year denied reports that it is leaving the wearable business, notwithstanding its UP wearables dropping out of mold among numerous buyers.
Microsoft, in the interim, as of late declared arrangements to eliminate its Band wellness tracker, however guaranteed proceeded with support for the Microsoft Health stage.