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The article says that Pebble was offered $750M by Citizen in 2015. Is that realistic considering Citizen's market cap is (only) $2B ?


Since this is just rumor, we probably don't know what the actual deal amount would have been after said and done, but probably more than they are getting with Fitbit.

I tell you, I feel for their CEO Eric Migicovsky.

SV lore is strong on how Mark and Larry&Sergey turned down offer after offer that in retrospect makes them look like prescient leaders and underdogs-turned-heroes. These are the stories that movies are made out of.

And how can you not want to follow in those footsteps?

And then you hand your company over at a fire-sale price, and for the rest of your life keep thinking... 700M... 700M... ugg it hurts.


Their market cap is more like $235B

https://www.google.com/finance?q=TYO%3A7762&ei=2kdAWJHcJc_Be...

Edit: oops, that's JPY, not USD.


No, that is $235B in JPY. It converts to $1.9B USD.


Listed values are in JPY, so ‎¥235B -- about $2B.




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