FIT - Japan could open probe into Fitbit merger

"If the size of any merger or business tie-up is big, we can launch an anti-monopoly investigation into the buyer’s process of acquiring a start-up (like Fitbit)," the new chairman of Japan's antitrust watchdog told Reuters."We're closely watching developments including in Europe," added Kazuyuki Furuya.In August, EU antitrust regulators launched an investigation into Google's $2.1B bid to acquire Fitbit (FIT), a move aimed at taking on Apple and Samsung in the wearable market.Fitbit: Google's Further Concessions Should Suffice To Seal The Deal, writes Jeffrey Himelson in a recent SA article.

For further details see:

Japan could open probe into Fitbit merger