The article says that Pebble was offered $750M by Citizen in 2015. Is that realistic considering Citizen's market cap is (only) $2B ?
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.
https://www.google.com/finance?q=TYO%3A7762&ei=2kdAWJHcJc_Be...
Edit: oops, that's JPY, not USD.