In what can be thought of one of many quickest acquisition offers in the face of antitrust issues, Google has lastly acquired watchmaker Fitbit. The 2 firms commenced acquisition talks over 14 months in the past however the bid was confronted with severe scrutiny by regulatory authorities corresponding to EU’s European Fee over privateness issues.
The ultimate acquisition means the street has been cleared for the deal to occur however clearly, Google needed to make a sequence of “binding commitments with world regulators” that finally quelled the privateness issues. It comes in a report time contemplating how lengthy it took earlier than the T-Cell and Dash merger was allowed to sail by final 12 months.
The acquisition deal will see the search large dole out just a little greater than $2 billion for the famend wearable producer established in 2007. Google says it’s planning to work intently with Fitbit to “create new gadgets and providers” serving to you “improve your data, success, well being, and happiness.”
In his official weblog publish asserting the completion of the acquisition, Google’s Senior VP of Gadgets & Providers Rick Osterloh didn’t elaborate on the tech large’s future {hardware} plans. Nonetheless, the publish explicitly talked about the not too long ago launched Fitbit Sense and Encourage 2 which appears to recommend their successors might very be in the pipeline.
Additionally, there was no indication if Google will attempt to mix its personal Put on OS with the Fitbit OS software program platforms going ahead. However then, it’s too early to phantom the duo’s future plans for the partnership.
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