• Facebook was reportedly interested in buying Fitbit, as well as Google

    10 days ago - By Tech Radar

    Google just bought Fitbit for a cool $2.1 billion, but a new report suggests that Facebook was interested in picking up the wearables company as well - it just didn't offer as much money as Google did. According to The Information , Facebook got to the stage of having talks with Fitbit about a deal. Apparently Mark Zuckerberg and his executives only offered half of what Google was prepared to pay, though. If accurate, the report suggests Facebook is keen to keep expanding its hardware portfolio. The social media behemoth now develops video calling devices and bought Oculus VR for $2...
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  • Fitbit to be Acquired by Google

    Fitbit to be Acquired by Google

    10 days ago - By Geek News Central

    Fitbit announced that it has entered into a definitive agreement to be acquired by Google LLC for $7.35 per share in cash, valuing the company at a fully diluted equity value of approximately $2.1 billion. The transaction is expected to close in 2020, subject to customary closing conditions, including approval by Fitbit's stockholders.
    “More than 12 years ago, we set an audacious company vision - to make everyone in the world healthier. Today, I'm incredibly proud of what we've achieved towards reaching that goal.We have built a trusted brand that supports more than 28 million active users...
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