Fitbit to Be Acquired by Alphabet

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Fitbit to Be Acquired by Alphabet
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BREAKING: Google to acquire Fitbit in a deal valuing the wearable-device maker at about $2.1 billion

Updated Nov. 1, 2019 9:10 am ET

Fitbit Inc. said on Friday that its agreed to be acquired by Google’s parent company Alphabet Inc. for $2.1 billion. Google will acquire the maker of wearable fitness trackers for $7.35 a share in cash. The deal is expected to close in 2020, the company said.To Read the Full Story

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