Google Parent Company Announces Acquisition Of Fitbit News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The EU Commission Approves Google s Acquisition of Fitbit though Subject to Strict Conditions
 
In November 2019 Patently Apple posted a report titled Google s Parent Company Announces Acquisition of Fitbit. The acquisition was announced after the company had a big Q3 2019 earnings miss. The $2.1 billion price tag bought Google a dedicated team to advance their Pixel Watch plans which have been rumored for years. With Fitbit and Alphabet s finances, they may be able to put together a product line that might be able to challenge Apple Watch down the road.
 
Today, Google finally won European Union approval for its US$2.1 billion takeover of health tracker Fitbit Inc., days after regulators proposed tougher rules to curb powerful technology firms’ push into new services. ....

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