purchased Fitbit for 2.1 billion dollars – Repubblica.it

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MILAN – Maxi investment in hardware for Google. The Mountain View giant with a post on their blog announced the acquisition of Fitbit, world leader in fitiness wearable device manufacturer. The operation is expected to be completed for around $ 2.1 billion and should be completed by 2020. In its communication, Google particularly emphasizes the Fitbit's excellent reputation, particularly regarding the protection of personal data."Google is the ideal partner to carry out our mission. With Google's resources and global platform, Fitbit will be able to accelerate innovation in the category of wearable devices," said James Park, co-founder and CEO of Fitbit "Google has said it is looking forward to combining the best of hardware, software and artificial intelligence to create wearable devices to help even more people around the world," comments James Park. co-founder and CEO of Fitbit.
Google would have offered 7.35 euros for shares, with a premium of 19% compared to the closing value on Thursday. The FitBit title, however, has already grown by 40% since, on October 28th, the first rumors came out about Google's interest in the device manufacturer.

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Topics:
Google
Fitbit



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https://www.repubblica.it/economia/2019/11/01/news/google_per_fitbit_un_offerta_da_2_1_miliardi_di_dollari-240026298/

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