Google Fitbit Deal – Google Buys Fitbit for $2.1 Billion
Google Fitbit Deal. Not the first time when Google is buying a hardware manufacturer. They have been buying and selling companies for years now. Google at some point in the past purchased and sold Motorola and keeps all the patents of Motorola.
Talking about Fitbit, All I can say is, what goes around comes around. A few years ago, Fitbit bought my favorite Smartwatch manufacturing company. Today, Google buys Fitbit for $2.1 Billion.
Fitbit retains the privacy of its users secure. The company signs the deal with the condition of keeping the information of its users safe. Australia has not approved the deal yet but the company has won the EU antitrust approval last month.
Fitbit for many years has had been losing its market share to Apple, Xiaomi, Samsung, and Huawei. Google Fitbit Deal may act as oxygen for Fitbit and give a new breath to the company.