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Google completes acquisition of Fitbit

Thursday 14 January 2021 | 17:15 CET | News
Google has completed its acquisition of Fitbit, surmounting various regulatory. The USD 2.1 billion takeover was announced in November 2019, attracting regulatory scrutiny from regulators in the EU, US and Australia. Google secured clearance in mid-December from the European Commission, after agreeing to limits on how it can use data collected over Fitbit wearables, among other conditions. These commitments will be implemented globally, with the company saying it will continue to work with regulators to show it was living up to its commitments.

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Categories: Mobile & Wireless
Companies: Australian Competition and Consumer Commission / European Commission / Fitbit / Google
Countries: World
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