Google to pay $2.1 billion for Fitbit
Fitness tracker maker promises users' data will not be used for Google ads
Google has agreed to buyFitbit for $2.1 billion in cash in a move that could shore up the internet giant’s hardware business while potentially increasing regulatory scrutiny.
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 ...