The EU has officially opened an investigation into Google's acquisition of Fitbit.
Google announced it planned to buy Fitbit for $2.1 billion in November, but the deal has yet to get regulatory approval. The EU investigation will focus on whether the acquisition would give Google an unfair advantage over competitors by hoovering up Fitbit user data. Google's senior vice president of Devices and Services put out a blog post on Tuesday defending the acquisition.The EU has officially opened an in-depth investigation into Google's planned $2.1 billion acquisition of wearables company Fitbit.
The European Commission, which was already conducting a preliminary investigation of the deal, announced the probe on Tuesday. The investigation will center on whether Google's acquisition of Fitbit will allow it to hoover up health data, which could in turn give Google an unfair advantage over competitors."The use of wearable devices by European consumers is expected to grow significantly in the coming years.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UK clears Amazon deal to buy 16% stake in Deliveroo after US antitrust hearing - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. rather_unique91 they bout to go up again as the UK is not related to EU, there are no questions Grilling is always the solution for buying a steak of a food platform.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Chart: The biggest tech acquisitions in history alongside TikTok - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Way too much! China builds tiktok_us . US buys it. China bans it just like it has banned Google, Twitter etc.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Business Insider webinar: How influencers earn money in pandemic - Business InsiderSIGN UP NOW: Next week we're talking to YouTube and Instagram influencers with millions of followers about how they're adapting their businesses during the pandemic and earning 6-figure incomes
Source: BusinessInsider - 🏆 729. / 51 Read more »
Searchable database of Business Insider pitch decks - Business Insider[Thread] Startups convince investors to fund their ideas using pitch decks. Business Insider regularly seeks out and publishes these decks to give readers an inside look at how successful companies persuaded investors to fund them. For the first time, these decks—presentations that combine slideshows with storytelling—have been combined into a single, searchable library that you can explore. 👇
Source: BusinessInsider - 🏆 729. / 51 Read more »
Business Insider's best investing stories of July 2020 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Twitter facing FTC investigation and possible $250 million fine - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. blackrock pump stocks... please. Twitter should be banned or be acquired like Tik Tok. Is Right? Lol Lol Lol Okay FTC. If you fine twitter 250 Million Where does all that money go? I know it goes right back into the US TREASURIES GENERAL FUND! See this is what is wrong with the system. You are literally robbing a good company like twitter so you can sit on the funds.I smell MAFIA!
Source: BusinessInsider - 🏆 729. / 51 Read more »