fitbit
Alphabet’s Google has closed its acquisition of Fitbit. The company made the announcement in a blog post, singing the praises of Fitbit in the process. Google initially announced plans to acquire Fitbit in November 2019, but the two companies faced a months-long investigation that slowed the process. Q3 2020 hedge fund letters, conferences and more Google announces completion of Fitbit acquisitionIn the blog post, Senior Vice President Rick Osterloh noted that Fitbit has been helping "people around the world live healthier, more active lives" for more than 10 years. The executive called Fitbit...
ValueWalk
Google's Fitbit takeover has been approved by the European Commission. The EU had warned the acquisition could harm competition. However, as reported by BBC, Google has made some pledges to address these concerns, and the commission's executive vice president Margarethe Vestager is content the deal will keep the market "open and competitive". Initially, there were worries that Google could use the Fitbit data for targeted advertising as well as excluding third parties from the platform. However, Google, has addressed these, and promised not to use any health, location or fitness data from the ...
BANG Showbiz English
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