Google to buy wearable device maker Fitbit for US $2.1 billion
- 5 years ago
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Google is reportedly acquiring Fitbit, in a bid to strengthen the search giant's hardware lineup and expand into the healthcare market.
According to local media reports, Google parent Alphabet has signed a deal to buy wearable device company Fitbit in a 2.1 billion U.S. dollar deal.
Google will reportedly buy out Fitbit shares in an all-cash deal... which is expected to close by next year.
The deal is coming under the global spotlight,... since it signals Google's entrance into the wearables market.
Google is reportedly acquiring Fitbit, in a bid to strengthen the search giant's hardware lineup and expand into the healthcare market.
According to local media reports, Google parent Alphabet has signed a deal to buy wearable device company Fitbit in a 2.1 billion U.S. dollar deal.
Google will reportedly buy out Fitbit shares in an all-cash deal... which is expected to close by next year.
The deal is coming under the global spotlight,... since it signals Google's entrance into the wearables market.