(Bloomberg) — Alphabet Inc.’s Google agreed to buy smartwatch maker Fitbit Inc. for $2.1 billion in cash, a move that could shore up the internet giant’s hardware business while also potentially increasing antitrust scrutiny. Fitbit shares jumped 17%. Google will pay $7.35 a share for San Francisco-based Fitbit, according to a statement Friday.

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BING NEWS:
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  • Google buying FitBit for $2.1 billion to advance fight against Apple Watch
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  • Google Inks $2.1 Billion Fitbit Deal
    Google is doubling down on the wrist — buying Fitbit Inc. and going toe-to-toe with the Apple Watch. Confirming earlier reports, Google said it would pay $2.1 billion cash for the wearable pioneer.
    11/1/2019 - 3:27 am | View Link
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