Google to pay $2.1 billion for Fitbit
Fitness tracker maker promises users' data will not be used for Google ads
Google will pay $7.35 a share for San Francisco-based fitness tracker and smartwatch maker, according to a statement released today. That represents a 71 per cent premium on Fitbit’s stock price before Reuters reported that Google had made a bid on the company on Monday.
The acquisition is Google’s second major purchase this year, after it agreed to pay $2.6 billion for Looker, the cloud software provider, in June.
US state and federal authorities...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month, €19.99 Monthly thereafter
*New subscribers only
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team
Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures