EU Launches Antitrust Probe Into Google’s Planned Acquisition Of Fitbit

  • 📰 Forbes
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 53%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

The regional block is concerned about the deal’s potential to further entrench Google’s dominance in the online advertising space.

The European Union has launched a full-scale antitrust investigation into Google’s $2.1 billion deal to acquire wearables maker Fitbit, expressing concerns that it would further consolidate Google’s dominance in the online advertising space by giving the search engine giant access to personal data collected from Fitbit’s health tracking devices....

The regulator will also investigate the deal’s effect on the digital healthcare sector in the region, specifically examining if Google could make it harder for other wearables makers to integrate their products with Android-based mobile phones. The officials have set an initial December 9 deadline to approve or veto the deal.Responding to news of the probe Google said in athat the “deal is about devices, not data,” adding that there is “vibrant competition” in the smartwatches and fitness tracker space.

The U.S. tech giant has said that it won’t use health data from Fitbit devices for Google ads and will allow Fitbit users the choice to review, move or delete their personal data., have increasingly begun scrutinizing acquisitions of smaller competitors by big tech companies.“The use of wearable devices by European consumers is expected to grow significantly in the coming years. This will go hand in hand with an exponential growth of data generated through these devices.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

What could go wrong with Google knowing about our health? Remember, they help the communist Chinese.

That’s not fitting a bit...

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:

 /  🏆 394. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The EU is launching a full-blown antitrust investigation into Google's Fitbit acquisition - 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 »

Brexit: Operation Brock coming back amid risk of no UK-EU trade deal - 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. Project reality.
Source: BusinessInsider - 🏆 729. / 51 Read more »

The number of British people emigrating to the EU has risen 30% since the Brexit vote - 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. Very Good! Keep them in the UK. Liability.
Source: BusinessInsider - 🏆 729. / 51 Read more »