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Google's (GOOG )(GOOGL) $2.1 billion acquisition of Fitbit (FIT) has been pending since both parties struck an agreement back on November 1, 2019. Given that FIT shareholders have already approved the deal, the last major impediment is to receive the proper regulatory approvals. The Department of Justice has been investigating the transaction, as well as Australia's antitrust regulators and EU's antitrust investigators.
Yesterday, news broke that Google may be able to avoid a full-scale investigation from EU's antitrust regulators as long as they provide concessions in the