FIT - FIT Stock Soars as Google Owner Alphabet Makes Bid

FIT stock is up 24% on Monday after it emerged that Google’s parent company Alphabet Inc (NASDAQ:GOOGL) has made an offer to buy Fitbit Inc (NYSE:FIT).

The internet giant is attempting to enter the wearable devices market, following the likes of Apple (NASDAQ:AAPL) and Samsung (OTC:SSNLF), with a bid for the San Francisco-based fitness tracker maker. While there is no certainty that the talks will lead to any concrete deal, nor is there any confirmation on how much Alphabet has offered to acquire Fitbit, which has a market cap of nearly ...