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...
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