How to evaluate this infinite product

How to evaluate this one $$\prod\limits_{n=1}^{\infty }{\left( 1-\frac{1}{{{2}^{n}}} \right)}$$

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I'm pretty sure there's no closed form for this, and that it has come up here before (though finding it on this site may not be so easy). –  Gerry Myerson Feb 8 '13 at 12:04
Closest I've found to it here: math.stackexchange.com/questions/141705/… –  Gerry Myerson Feb 8 '13 at 12:18
This is closer... –  Neves Feb 8 '13 at 12:25
More here and here. –  Neves Feb 8 '13 at 12:39

Hint(From Complex Analysis by Lars V. Ahlfors, $3$rd Edition, Page-$192$, Theorem-$5$):The infinite product $\Pi (1+a_n)$ with $1+a_n\neq 0$ converges simultaneously with the series $\sum_{1}^{\infty} \log(1+a_n)$ whose terms represent the values of the principal branch of the logarithm.
Just a small side comment, your statement of simultaneous convergence is not true. consider $a_n = -\frac{1}{2}$. Then the product converges to $0$, and the sum of logarithms diverges towards $-\infty$. Still, it is true in OP's case. –  Arthur Feb 8 '13 at 10:24
@GautamShenoy Yes, he did, and I'm saying that if the product converges to $0$, then the log diverges, and thus there is not simultaneous convergence, as proposed. He needs a stronger assumption than $1+a_n \neq 0$, like "The product does not converge to a non-positive number, and we have $1+a_n > 0$ for all $n$." Also, these are positive, real numbers, so there is no need to mention the principal branch. –  Arthur Feb 8 '13 at 10:26