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home / news releases / FIT - Report: Alphabet Must Offer Concessions for Fitbit Acquisition to Win EU Approval

FIT - Report: Alphabet Must Offer Concessions for Fitbit Acquisition to Win EU Approval

Fitbit Inc. Class A

The European Union (EU) expects concessions before its regulator allows Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) unit Google to acquire Fitbit (NYSE: FIT). 

According to a report from Reuters citing "people familiar with the matter," the U.S. tech giant will have to give up something in order for the deal to clear the European Commission's (EC) antitrust review process.

Image source: Fitbit.

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Stock Information
Company Name: Fitbit Inc. Class A
Stock Symbol: FIT
Market: NYSE
Website: fitbit.com
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