Tag Archives: Fitbit

SAN RAMON, Calif. (AP) — 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 U.S. 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’… Source link

TipRanks Goldman Sachs Says These 3 Stocks Could Surge Over 30% From Current Levels After a true annus horribilus, we’re all ready for better times. The US equity strategy team at Goldman Sachs, led by David Kostin, sees those better time ahead, and in the near-term. The team is predicting a 25% gain for the S&P 500 within the next 24 months – or to put it in absolute numbers, they believe the index will hit 4,600 by December 2022. Kostin lays out four clear reasons for believing that… Source link

TipRanks Goldman Sachs Says These 3 Stocks Could Surge Over 30% From Current Levels After a true annus horribilus, we’re all ready for better times. The US equity strategy team at Goldman Sachs, led by David Kostin, sees those better time ahead, and in the near-term. The team is predicting a 25% gain for the S&P 500 within the next 24 months – or to put it in absolute numbers, they believe the index will hit 4,600 by December 2022. Kostin lays out four clear reasons for believing that… Source link

TipRanks Goldman Sachs Says These 3 Stocks Could Surge Over 30% From Current Levels After a true annus horribilus, we’re all ready for better times. The US equity strategy team at Goldman Sachs, led by David Kostin, sees those better time ahead, and in the near-term. The team is predicting a 25% gain for the S&P 500 within the next 24 months – or to put it in absolute numbers, they believe the index will hit 4,600 by December 2022. Kostin lays out four clear reasons for believing that… Source link

Share Tweet Share Share Share Email Even amid a crackdown on tech acquisitions, Google has managed to win European Union approval for its $2.1 billion purchase of fitness tracker Fitbit, according to Bloomberg. The move comes as regulators in the EU are looking at ways to keep U.S. Big Tech companies from over-extending their dominance of the markets. According to the EU, Google’s pledge to keep access for rival health and fitness apps and device makers for the next decade cinched the decision… Source link

European Union antitrust officials approved Google’s $2.1 billion acquisition of health tracker Fitbit Inc., FIT 0.21% but will enforce conditions on the deal aimed at protecting users’ health data and preserving competition in the wearable-tech sector. The European Commission, the EU’s top antitrust regulator, said Thursday that it has accepted a sweetened package of concessions from Google,… Source link

Google’s acquisition of Fitbit is nearing completion now that the European Commission has approved the search giant’s $2.1 billion takeover of the wearable tech company. When Google announced the acquisition in November 2019, Google hardware chief Rick Osterloh said that the Fitbit purchase was “an opportunity to invest even more in Wear OS as well as introduce Made by Google wearable devices into the market.” But regulators quickly got involved, and in August, they formally

Fitbit Charge 2 Heart Rate & Fitness Wristband. Source: Amazon Google’s $2.1 billion bid for fitness tracker maker Fitbit will face a full-scale EU antitrust investigation next week, people familiar with the matter said on Thursday. Alphabet unit Google this month offered not to use Fitbit’s health data to help it target ads in an attempt to address EU antitrust concerns. The opening of a full-scale investigation suggests that this is not sufficient. The deal, announced last November, would see… Source link

Google’s $2.1 billion acquisition of Fitbit will reportedly face greater scrutiny from EU regulators. Reuters reports that the deal will face a full-scale antitrust investigation, which the European Commission will reportedly open next week. Regulators and consumer advocacy groups have shared fears about Google’s planned acquisition of Fitbit, related to the search giant gaining access to sensitive data like fitness activities, heart rates, sleep patterns, and more. Consumer groups… Source link

The clock is ticking as Google negotiates its planned $2.1 billion acquisition of Fitbit with European antitrust regulators. The European Commission, which is reviewing the deal and its implications for consumers, has until August 4 to make a decision. The deal would give Google access to Fitbit’s wearable devices, as well as its trove of user data. Earlier this month, Google pledged to not use that trove of health information for targeted ads. This would reportedly assuage EU… Source link