Google to Buy Fitbit for $2.1 Billion in All Cash Deal
Acquisition could help Google compete against the Apple Watch
Google (NASDAQ: GOOGL) is getting into the fitness wearables business. The technology giant announced last week that it is buying Fitbit (NYSE: FIT) at $7.35 per share in an all-cash worth approximately $2.1 billion. The deal is expected to close next year, subject to regulatory approval, approval by Fitbit stockholders and standard closing conditions.
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