Google’s Fitbit Acquisition Hits EU Roadblock

  • 📰 wwd
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 68%

United States News News

United States United States Latest News,United States United States Headlines

Europe isn’t letting up on antitrust scrutiny of tech behemoths like Google.

The European Commission said Tuesday it has opened an “in-depth investigation” into Google’s acquisition of Fitbit, which makes and sells smartwatches focused on activity tracking. Google said in November that it was paying $2.1 billion for the company, giving Google an immediate foothold in the wearables market, which is dominated by rival Apple with its popular Apple Watch.

“We’ve been clear from the beginning that we will not use Fitbit health and wellness data for Google ads,” Osterloh wrote. “As we do with all of our products, we will give Fitbit users the choice to review, move or delete their data.” Vestager said the rise of wearable tech “will go hand in hand with an exponential growth of data generated through these devices.”

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:

 /  🏆 24. in US
 

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

United States United States Latest News, United States United States 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 »

EU Launches Antitrust Probe Into Google’s Planned Acquisition Of FitbitThe regional block is concerned about the deal’s potential to further entrench Google’s dominance in the online advertising space. That’s not fitting a bit... What could go wrong with Google knowing about our health? Remember, they help the communist Chinese.
Source: Forbes - 🏆 394. / 53 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 »