Google to buy wearable device maker Fitbit for US $2.1 billion

Arirang News 2019-11-02

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Google is reportedly acquiring Fitbit, in a bid to strengthen the search giant's hardware lineup and expand into the healthcare market.
According to local media reports, Google parent Alphabet has signed a deal to buy wearable device company Fitbit in a 2.1 billion U.S. dollar deal.
Google will reportedly buy out Fitbit shares in an all-cash deal... which is expected to close by next year.
The deal is coming under the global spotlight,... since it signals Google's entrance into the wearables market.

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