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FIT Fitbit Inc

6.93
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Fitbit Inc NYSE:FIT NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 6.93 0 01:00:00

Google Completes Fitbit Acquisition

14/01/2021 2:45pm

Dow Jones News


Fitbit (NYSE:FIT)
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By Dave Sebastian

 

Google has completed its $2.1 billion acquisition of Fitbit Inc. after facing regulatory scrutiny, a deal that would let Google push more deeply into the wearable-device and health-data businesses.

European Union antitrust officials last month approved the acquisition but will enforce conditions on the deal aimed at protecting users' health data and preserving competition in the wearable-tech sector.

"This deal has always been about devices, not data, and we've been clear since the beginning that we will protect Fitbit users' privacy," Rick Osterloh, Google's senior vice president for devices and services, said Thursday.

Write to Dave Sebastian at dave.sebastian@wsj.com

 

(END) Dow Jones Newswires

January 14, 2021 09:30 ET (14:30 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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