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Being Part of Google Will Allow Us to Innovate Faster, Make Better Products: FitBit CEO FOLLOW US ON: Google recently completed its acquisition of wearables company FitBit yesterday. The acquisition comes amid investigations against the deal in Australia and the US over concerns of Google making a monopoly in the Android wearables space. Google had earlier won an EU antitrust approval for its Fitbit bid after agreeing to restrictions on how it will use customers’ health-related data. Right after Google completed its $2.1 billion acquisition of FitBit, the wearable company s CEO James Park has sent out an open letter saying that their data will be protected by Google. ....
Google has completed the $1.2 billion acquisition of Fitbit, the company said in a blog post. This means that Google can now use Fitbit's expertise. ....
Google has completed its $2.1 billion acquisition of Fitbit amid ongoing review by US Department of Justice The completion of the acquisition comes 14 months after Google announced the Fitbit deal that immediately raised alarms. Jan 15, 2021 11:45:30 IST Google has completed its $2.1 billion acquisition of fitness-gadget maker Fitbit, a deal that could help the internet company grow even stronger while US government regulators pursue an antitrust case aimed at undermining its power. Thursday’s completion of the acquisition comes 14 months after Google announced a deal that immediately raised alarms. Google makes most of its money by selling ads based on information it collects about its billions of users’ interests and whereabouts. Privacy watchdogs feared it might exploit Fitbit to peer even deeper into people’s lives. ....