Big wearables deal: Google buying Fitbit for $2.1 billion

Big wearables deal: Google buying Fitbit for $2.1 billion

5 years ago
Anonymous $xdcOWPpsb_

https://www.mercurynews.com/2019/11/01/big-wearables-deal-google-buying-fitbit-for-2-1-billion/

Google is buying Fitbit for about $2.1 billion, diving into the world of wearables already occupied by rivals such as Apple.

The maker of wearable fitness trackers agreed to a deal worth $7.35 a share in cash, it announced Friday. Fitbit shares closed Thursday at $6.18, a 43 percent increase from their closing price Monday, when Reuters reported that Google and the San Francisco company were in acquisition talks.

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