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Google Closes Fitbit Deal Amid Ongoing U S DOJ Review

Google Closes Fitbit Deal Amid Ongoing U.S. DOJ Review Bloomberg 1/14/2021 David McLaughlin © Bloomberg A Fitbit Inc. wearable device sits on display at the IFA Consumer Electronics Show at the Berlin Messe exhibition hall in Berlin, Germany, on Friday, Sept. 4, 2020. The electronics sector has found a way to thrive amid the global pandemic, with 5G demand helping the industry remain a rare catalyst for Asian factories. (Bloomberg) Alphabet Inc.’s Google closed its $2.1 billion takeover of Fitbit Inc. even though the U.S. Justice Department said it is still conducting an antitrust investigation of the deal. Popular Searches In a blog post Thursday, Google said it completed the acquisition and highlighted the company’s binding commitments to protect user privacy. Shortly after the blog was published, the Justice Department’s antitrust division released a statement saying it hasn’t signed off on the deal.

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