Japan can open probe into any merger involving Fitbit: New antitrust watchdog head

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.

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Japan can open probe into any merger involving Fitbit - new antitrust watchdog headJapan'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 ...
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Japan can open probe into any merger involving Fitbit - new antitrust watchdog headJapan'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 ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »