Google’s $2.1-billion bid for fitness tracker maker Fitbit will face a full-scale European Union antitrust investigation next week, people familiar with the matter said on Thursday.
If you’re concerned about the pervasive role in daily life of technology companies such as Google, then its planned $2.1-billion acquisition of Fitbit is a worry.
Twenty advocacy groups from the US, Europe, Latin America and elsewhere signed a statement on Wednesday urging regulators to be wary of Google’s bid for fitness tracker company Fitbit.
Google’s takeover of fitness tracker Fitbit could be “a game-changer” for health data that will need close European Union scrutiny, consumer advocates said.
Despite growing competition, Garmin has boosted full-year guidance, with its fitness and outdoor trackers expected to grow a combined 23% this year.
Fitbit has announced its first smartwatch with Amazon’s Alexa virtual assistant built in, alongside a new subscription service for personalised fitness programmes and well-being tools.
Garmin shares rallied 17% to their highest level in 11 years as demand for watches from outdoor enthusiasts helped fourth-quarter earnings beat the highest estimates.