Google Completes Fitbit Acquisition
January 14 2021 - 9:45AM
Dow Jones News
By Dave Sebastian
Google has completed its $2.1 billion acquisition of Fitbit Inc.
after facing regulatory scrutiny, a deal that would let Google push
more deeply into the wearable-device and health-data
businesses.
European Union antitrust officials last month approved the
acquisition but will enforce conditions on the deal aimed at
protecting users' health data and preserving competition in the
wearable-tech sector.
"This deal has always been about devices, not data, and we've
been clear since the beginning that we will protect Fitbit users'
privacy," Rick Osterloh, Google's senior vice president for devices
and services, said Thursday.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
January 14, 2021 09:30 ET (14:30 GMT)
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