Google clinches deal to buy Fitbit amid inquiry

Published January 15, 2021
Fitbit Blaze watch is seen in front of a displayed Google logo in this illustration picture taken in 2019. — Reuters
Fitbit Blaze watch is seen in front of a displayed Google logo in this illustration picture taken in 2019. — Reuters

WASHINGTON: Search and advertising giant Google has closed its deal to buy fitness tracking company Fitbit, the companies said on Thursday, even as the US Justice Department said it was continuing its probe of the $2.1 billion transaction.

The Justice Department, which sued Alphabet’s Google in October for allegedly violating antitrust law in its search and search advertising businesses, said it “has not reached a final decision about whether to pursue an enforcement action” regarding the Fitbit deal. “We complied with the DOJ’s (Justice Department’s) extensive review for the past 14 months, and the agreed upon waiting period expired without their objection,” a Google spokesperson said.

“We continue to be in touch with them and were committed to answering any additional questions.”

It is rare for a big deal to close without anti-trust approval. Australia has also not yet approved the transaction. Google won EU anti-trust approval last month for its Fitbit bid after agreeing to restrictions on how it will use customers’ health-related data.

Fitbit makes a watch-like device to measure physical activity that competes with Apple Watch and others. Google said it was buying the company in order to compete in this market.

Published in Dawn, January 15th, 2021

Opinion

Editorial

Military convictions
Updated 22 Dec, 2024

Military convictions

Pakistan’s democracy, still finding its feet, cannot afford such compromises on core democratic values.
Need for talks
22 Dec, 2024

Need for talks

FOR a long time now, the country has been in the grip of relentless political uncertainty, featuring the...
Vulnerable vaccinators
22 Dec, 2024

Vulnerable vaccinators

THE campaign to eradicate polio from Pakistan cannot succeed unless the safety of vaccinators and security personnel...
Strange claim
Updated 21 Dec, 2024

Strange claim

In all likelihood, Pakistan and US will continue to be ‘frenemies'.
Media strangulation
Updated 21 Dec, 2024

Media strangulation

Administration must decide whether it wishes to be remembered as an enabler or an executioner of press freedom.
Israeli rampage
21 Dec, 2024

Israeli rampage

ALONG with the genocide in Gaza, Israel has embarked on a regional rampage, attacking Arab and Muslim states with...