GOOGL - Report: Google's $2.1 Billion Fitbit Deal Is Close to Approval In Europe
The $2.1 billion buyout of health-tracker device veteran Fitbit (NYSE: FIT) that's being proposed by Alphabet 's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google is about to get clearance from European regulators. According to anonymous insiders quoted today by the Financial Times , Google and Alphabet are making new concessions that are likely to seal the deal.
Here's an overview of the new wrinkles to the Fitbit buyout proposal:
The regulators are still hammering out the final details of the Google-Fitbit combination, running the updated terms by other interested parties such as rival health-tracker makers and consumer watchdog organizations.
For further details see:
Report: Google's $2.1 Billion Fitbit Deal Is Close to Approval In Europe