It’s official: Google is buying Fitbit for $2.1 billion

That was fast: Though rumors emerged earlier this week that Google was planning to buy Fitbit, we didn’t think we’d hear an update quite this soon. But it’s official now: Google has entered into a “definitive agreement” to buy Fitbit for approximately $2.1 billion. As we noted in our earlier post, the partnership makes sense, especially as the two forces are now able to join together to take on the increasingly popular Apple Watch. Fitbit is extremely popular in the fitness market, but it’s struggled to make a dent with the “smart” portion of its smartwatches. It’s also facing increasingly stiff…

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source https://thenextweb.com/plugged/2019/11/01/its-official-google-is-buying-fitbit-for-2-1-billion/