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 […]

Google’s Alphabet tables offer for Fitbit

Google parent Alphabet has advanced a bid to buy US wearable technology maker Fitbit, Reuters reported citing sources. It is uncertain if a deal will materialize and the exact offer could not be learned. Both companies declined to comment. Fitbit shares jumped 27% on the report, while Alphabet’s stock was up 2% to $1,293.49. Following the news, […]