FIT News and Press, Fitbit Inc. Class A From 03/14/20

This article is part of a series that provides an ongoing analysis of the changes made to Prem Watsa’s 13F portfolio on a quarterly basis. It is based on Watsa’s regulatory 13F Form filed on 02/14/2020. Please visit our Tracking Prem Watsa’s Fairfax Financial Holdings P...

I recently published an article about " Opportunities in Open M&A " right in the middle of the Coronavirus induced correction in the market. Falling stock markets provide more of these opportunities than the rising ones. Quickly falling ones are even better as everything gets sold irrespec...

About a year ago, market researcher IDC estimated that that global market for wearable devices would jump to 198.5 million before proceeding to reach 279 million units by 2023. A few months later, IDC boosted its 2019 forecast to 222.9 million and its 2023 estimate to 302.3 million...

Merger activity increased last week with four new deals announced and two deals closing. Out of the four deals announced, three were cash deals and one was an all-stock deal. The acquisition of Forty Seven ([[FTSV]]) by Gilead Sciences ([[GILD]]) was the first deal announced last week. FTSV ...

Background According to a recent study by Gartner, average duration to finalize a merger or acquisition from the time of public announcement has risen more than 30 percent in the last decade. Gartner analyzed more than 23000 deals among S&P1200 companies since 2010 to come up with th...

Latest Bout Of Market Volatility Sees Shares Dip Near Penny Stock Territory Whether it’s Sprint ( S-Free Report ), Nio Inc. ( NIO-Free Report ) or even Fitbit ( FIT-Free Report ) we’ve covered our fair share of companies that fell from grace. And while we’ve seen timely tu...

After a post-IPO letdown and years of disappointing performance, wearable fitness-tracker pioneer Fitbit (NYSE: FIT) announced it would be acquired by Alphabet 's  (NASDAQ: GOOG)  (NASDAQ: GOOGL)  Google. The $2.1 billion deal raised some eyebrows, but it's ultimately pocket...

Merger activity increased last week with five new deals announced and one deal closing. The new deals announced last week were across different sectors. Two of the five new deals belong to the financial services sector, one from the real estate sector and two from the technology sector. Acco...

Compared to other consumer electronics makers, Fitbit (NYSE: FIT) didn't have a great holiday shopping season. Last week, the company reported fourth-quarter earnings results that missed expectations. But shares hardly budged thanks to the pending acquisition by Alphabet (NASDAQ: GOO...

The European Data Protection Board (EDPB), which was established by the European Union's General Data Protection Regulation (GDPR) and oversees the application of data protection rules, has issued a stern warning regarding Google's proposed acquisition of wearable tech specialist Fitbit ...