Google completes Fitbit acquisition after months-long probe
Alphabet’s Google has closed its acquisition of Fitbit. The company made the announcement in a blog post, singing the praises of Fitbit in the process. Google initially announced plans to acquire Fitbit in November 2019, but the two companies faced a months-long investigation that slowed the process. Q3 2020 hedge fund letters, conferences and more Google announces completion of Fitbit acquisitionIn the blog post, Senior Vice President Rick Osterloh noted that Fitbit has been helping "people around the world live healthier, more active lives" for more than 10 years. The executive called Fitbit...