Tag: acquisition
Fitbit acquired, Google expands into fitness
Just days after reports surfaced the internet that Google is close to buying Fitbit, Google and Fitbit have now confirmed the purchase. Fitbit in its press release today announced that it has agreed into an agreement to be acquired by Google LLC. Google’s parent company, Alphabet has agreed to pay Fitbit $ 7.35 per share in cash, thus, paying the fitness bracelet manufacturer a total of approximately $ 2.1 billion.
