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Razer Acquires Nextbit

In a surprise move, cloud-based smartphone maker Nextbit announced that it has been acquired by gaming company Razer. While the financial details have not been disclosed, the company's assets and employees will be absorbed by Razer moving forward.

In its blog, Nextbit said, "Nextbit will operate as an independent division inside Razer, focused on unique mobile design and experiences. To put it simply, we'll be doing exactly what we've been doing all along, only bigger and better."

With Razer running things, Nextbit will supposedly get the much required financial backing to make bolder products. Nextbit started off with a Kickstarter backing of as much as $1.3 million from more than 3,600 backers. It managed to reach its goal of $500,000 in just twelve hours instead of a month. The $1 million goal was achieved in a span of just two weeks. Their pitch was a 'smartphone that will never run out of storage'. As a result, the Nextbit Robin smartphone was released last year, with 100GB cloud storage facility.

Even though the company has announced that the acquisition won't change things much, the company is said to have stopped selling the Nextbit Robin and its accessories. It says that it will fulfil warranties for the next six months only, which means recent buyers won't get the promised one-year warranty. Software updates and security patches will be supported till February 2018.

Source: Nextbit