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FIT - Google Might Need to Make Sacrifices to Close Fitbit Deal
Fitbit Inc. Class A
There's a lot of skepticism surrounding Alphabet(NASDAQ: GOOG)(NASDAQ: GOOGL) subsidiary Google's pending acquisition of Fitbit (NYSE: FIT), a controversial deal that was announced last November. Consumer advocacy groups and data regulators in Europe are among many entities that worry about Google getting its hands on all of the user data that Fitbit has garnered over the years, particularly considering the sensitive nature of health data.
The search giant might have to be make some sacrifices if it wants to close the deal.