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South Africa says Google can buy Fitbit â but Australia still not happy Business Insider SA facebook SA’s Competition Commission this week approved Google’s R30 billion takeover of Fitbit. Google addressed its concerns, including by confirming that it won’t use its Android system to exclude other wristband competitors. But the Australian authorities refused to consent to deal this week, and will only make an announcement in March. For more articles, go to www.BusinessInsider.co.za. On Tuesday, South Africa’s Competition Commission conditionally app...
EU Reporter Published 3 months ago The European Commission has approved the acquisition of Fitbit by Google. The approval is conditional on full compliance with concessions offered by Google to the European Commission. Executive Vice President Margrethe Vestager, with responsibility for competition policy, said: “We can approve the proposed acquisition of Fitbit by Google because the commitments will ensure that the market for wearables and the nascent digital health space will remain open and competitive. The commitments will determine how Google can use the data collected for ad purposes...
Europe clears Google-Fitbit with a ten-year ban on using health data for ads Europe has greenlit Google’s $2.1BN acquisition of fitness wearable maker Fitbit, applying a number of conditions intended to shrink competition concerns over letting it gobble a major cache of health and wellness data following months of regulatory scrutiny of the deal. While Google announced its plan to buy Fitbit over a year ago, it only notified the transaction to the Commission on June 15, 2020 — meaning it’s taken half a year to be given a caveated go-ahead by Europe. It is also now facing formal antitrus...