Google is acquiring Fitbit for $2.1 billion
Photo Credit: medium.com

Google recently announced a deal to buy wearable fitness device maker, Fitbit for US$2.1 billion. This purchase will give Google, whose parent company is Alphabet, an instant leading position in the wearables market. Google will be ready to compete against Apple and Samsung instead of needing to build up market share from the very beginning.

The transaction should be completed next year. It is presently at its closing stages, which involves the approval of Fitbit’s stockholders and other regulatory requirements.

JOIN OUR YOUTUBE COMMUNITY TODAY

Avatar
David Folami is from Nigeria, Ogun State to be precise. He is a tech lover and an upcoming musician. He works as a content writer for JBKlutse where he covers technology and lifestyle news. He adores a productive time online.

2 COMMENTS

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.