TOKYO: Japan's antitrust watchdog can open a probe into any merger or business tie-up involving fitness tracker maker Fitbit if the size of such deals was big enough, Kazuyuki Furuya, the new chairman of the Fair Trade Commission , said on Monday .
EU antitrust regulators in August launched an investigation into a US$2.1 billion deal by Alphabet unit Google's bid to buy Fitbit, a move aimed at taking on Apple and Samsung in the wearable technology market."If the size of any merger or business tie-up is big, we can launch an anti-monopoly investigation into the buyer's process of acquiring a start-up ," Furuya told Reuters in an interview.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »