Tag Archives: completes

Alphabet Inc’s Google has completed its $2.1 billion acquisition of wearable device maker Fitbit Inc, the companies said on Thursday. The deal had triggered concerns over Google’s market power and the use of people’s health data in targeted advertising. The companies won antitrust approval from the European Union in December after Google agreed to restrictions on how it will use customers’ health related data. “This deal has always been about devices, not… Source link

Jan 14 (Reuters) – Fitbit Inc has completed its merger with Alphabet Inc’s Google, the companies said on Thursday. The $2.1 billion deal had triggered concerns over Google’s market power and the use of people’s health data in targeted advertising. (Reporting by Munsif Vengattil in Bengaluru; Editing by Arun Koyyur) Source link

Russian tech giant Yandex has announced that they have completed the reorganization of their joint venture Yandex.Market and Yandex.Money with Sberbank. In a filing with the regulatory, Yandex said, “The company will now own 100% equity shares of Yandex.Market, with an equity incentive pool set aside for Yandex.Market management.” “Besides this, Yandex has exited the Yandex.Money joint venture. As a result, any financial services non-complete obligations between Yandex and Sberbank… Source link