Jahangir19
7 subscribers 0 views 1 year ago

Google completes acquisition of Fitbit by Jahangir19

Google said it would acquire Fitbit for $7.25 per share in cash, valuing the company at $2.1 billion. Fitbit launched in 2007 and was considered a pioneer of the consumer fitness tracking market, quickly becoming the market leader. Other players have since entered the market including Apple, Garmin, and Samsung.