EU approves Google's Fitbit acquisition after regulatory scrutiny
Its approval is contingent upon Google's agreement to adhere to several rules over the next decade. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Connectivity & Tech industry with the Connectivity & Tech Briefing. You can learn more about subscribing here. Since announcing its plans in November 2019 to buy Fitbit for $2.1 billion, the deal has been placed under investigation by regulatory bodies worldwide—but the European Commission has given the acquisition a green light, after concluding its probe launched in August, according to CNBC. Its approval is c...
Source: businessinsider.com