Google to pay $2.1B for Fitbit

Google parent company Alphabet has agreed to acquire wearable devices firm Fitbit for $2.1 billion. Fitbit shareholders would receive $7.35 per share in cash, a premium of about 19% to the stock’s closing price on October 31. Fitbit shares were trading up 15% at $7.11, while Alphabet’s shares were mostly flat at $1,263.18 apiece. Reuters reported […]