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EU Demands Major Concessions From Google Over Fitbit Deal - FT
Australia's ACCC Says Google's Purchase Of Fitbit Raises Preliminary Competition Concerns
Fitbit Reports Q1 Non-GAAP Loss Per Share $0.24
Fitbit, Inc. is a provider of health and fitness devices. The Company's platform combines connected health and fitness devices with software and services, including an online dashboard and mobile applications, data analytics, motivational and social tools, personalized insights and virtual coaching through customized fitness plans and interactive workouts. It offers various fitness devices, including Fitbit Zip, Fitbit One, Fitbit Flex, Fitbit Flex 2, Fitbit Charge, Fitbit Charge 2, Fitbit Blaze, Fitbit Charge HR, Fitbit Surge, Fitbit Accessories and Aria. Its platform includes wearable connected health and fitness trackers, which are wrist-based and clippable devices that automatically track users daily steps, calories burned, distance traveled, and active minutes and display real-time feedback. Its trackers also measure sleep duration and quality, and its products track heart rate and global positioning system-based information. It also offers a wireless fidelity connected scale.
Scientific & Technical Instr.
199 Fremont St Fl 14
SAN FRANCISCO, CA
Chairman of the Board, President, Chief Executive Officer
Ronald W. Kisling
Chief Financial Officer
Andrew P. Missan
Executive Vice President, General Counsel, Secretary
Jeffrey L. Devine
Executive Vice President - Operations
Eric N. Friedman
Chief Technology Officer, Director
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Google's $2.1 billion bid for fitness tracker maker Fitbit will face a full-scale EU antitrust investigation next week, people familiar with the matter said on Thursday.
Senators Amy Klobuchar and Elizabeth Warren and five other Democratic senators on Thursday urged the Justice Department to be cautious in reviewing Google's planned purchase of Fitbit, saying the tech giant had already cemented its dominance in some areas through acquisitions...
EU antitrust enforcers are asking interested parties whether Google's pledge not to use fitness tracker maker Fitbit's health data for its advertising, and to separate the dataset from its own, might ease concerns over their tie up.
Alphabet Inc's <GOOGL.O> Google has offered not to use health data of fitness tracker company Fitbit to help it target ads in an attempt to address EU antitrust concerns about its proposed $2.1 billion acquisition, the U.S. tech company said late on Monday.
Alphabet Inc's Google has offered not to use health data of fitness tracker company Fitbit to help it target ads in an attempt to address EU antitrust concerns about its proposed $2.1 billion acquisition, the U.S. tech company said late on Monday.
Alphabet unit Google has offered not to use fitness tracker company Fitbit's health data to help it target ads in a bid to address EU antitrust concerns about the $2.1 billion deal, the U.S. tech company said late on Monday.
Google may be able to stave off a full-scale EU antitrust investigation into its planned $2.1 billion bid for Fitbit by pledging not to use Fitbit's health data to help it target ads, people familiar with the matter said.
The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:
Google will face a full-scale EU antitrust investigation into its planned $2.1 billion bid for fitness tracker maker Fitbit unless it offers concessions to address competition concerns, people familiar with the matter said.
EU antitrust enforcers are set to open a full-scale investigation into Google's $2.1 billion bid for fitness tracker maker Fitbit unless the Alphabet unit offers concessions to address competition concerns, people familiar with the matter said.
EU regulators are checking whether Google's purchase of Fitbit might allow it to drive rival makers of wearable devices, app developers and other online service providers out of the market, and boost its dominance in online advertising and search.
Twenty advocacy groups from the United States, Europe, Latin America and elsewhere signed a statement Wednesday urging regulators to be wary of Google's $2.1 billion bid for fitness tracker company Fitbit Inc <FIT.N> because of privacy and competition concerns.
Australia's antitrust regulator warned Google's planned $2.1 billion (£1.6 billion) acquisition of fitness tracker maker Fitbit <FIT.N> may give it too much of people's data, potentially hurting competition in health and online advertising markets.
Australia's consumer watchdog on Thursday raised initial competition concerns over Alphabet Inc-owned Google's $2.1 billion bid for fitness tracker company Fitbit.
EU antitrust regulators will decide by July 20 whether to clear Alphabet Inc-owned Google's $2.1 billion bid for fitness trackers company Fitbit, a deal that has prompted concerns from consumer groups and privacy advocates.
-- Note: Reuters has not verified this story and does not vouch for its accuracy
Alphabet Inc-owned Google's planned $2.1 billion buy of fitness trackers company Fitbit may harm consumers and hinder innovation, European consumer group BEUC said on Wednesday, calling it a game-changer deal in the health and digital markets.
Fitbit Inc on Wednesday launched a virtual study to test if its wearable devices can detect irregular heart rhythms or atrial fibrillation.
Fitbit Inc on Wednesday launched a virtual study to test if its wearable devices can detect irregular heart rhythms, which could identify a condition called atrial fibrillation.
The Justice Department should carefully scrutinize Alphabet Inc's plan to buy Fitbit because the fitness tracker company is a source of nascent competition for Google, which is dominant in search and advertising, two public advocacy groups said on Thursday.
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