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Mergers: Google saving Fitbit
  • Today, we’re announcing that Google has entered into a definitive agreement to acquire Fitbit, a leading wearables brand.

    We believe technology is at its best when it can fade into the background, assisting you throughout your day whenever you need it. Wearable devices, like smartwatches and fitness trackers, do just that—you can easily see where your next meeting is with just a glance of an eye or monitor your daily activity right from your wrist.

    Fitbit to be acquired by Google in an all-cash deal worth around $2.1 billion.

    Alphabet now wants to save Fitbit as situation is really bad, without major support, even with total statistics falsification, they can't stand against major Chinese brands and their latest offerings.