Alphabet: Google takes over Fitbit
(CercleFinance.com) - Fitbit announces a definitive agreement for its acquisition by Google, subsidiary of Alphabet, for a price of 7.
35 dollars per share, in cash, representing a total valuation of approximately 2.1 billion dollars.
"Fitbit has sold more than 100 million devices and supports an engaged global community of millions of active users, utilizing data to deliver unique personalized guidance and coaching to its users," says the wearables provider (health and wellbeing).
The transaction is expected to be completed in 2020, subject to customary conditions, including approvals from Fitbit's shareholders and relevant regulatory authorities.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
35 dollars per share, in cash, representing a total valuation of approximately 2.1 billion dollars.
"Fitbit has sold more than 100 million devices and supports an engaged global community of millions of active users, utilizing data to deliver unique personalized guidance and coaching to its users," says the wearables provider (health and wellbeing).
The transaction is expected to be completed in 2020, subject to customary conditions, including approvals from Fitbit's shareholders and relevant regulatory authorities.
Copyright (c) 2019 CercleFinance.com. All rights reserved.