(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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Gerrit De Vynck / Bloomberg, Time: Business
Fri, 11/01/2019 - 6:52am
Topics: bloomberg alphabet inc.&rsquo fitbit inc san francisco-based fitbit oct google&rsquo looker june wear os buying fitbit fossil group inc apple inc august fitbit google fitbit fitbit&rsquo billion deal watch data year company companies company’s share users bid information health agreed market statement price shares pay scrutiny stock
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