FIT News and Press, Fitbit Inc. Class A From 12/22/20

Fitbit (FIT) shares are down 5.5% pre-market after news broke late yesterday that the Australian Competition and Consumer Commission rejected Google's ([[GOOG]],[[GOOGL]]) antitrust concessions for the $2.1B acquisition.The regulator warned the deal would give Google too much user d...

Nike (NKE) has delivered impressive results in its recently released earnings report. This could help the stock soar in the coming months. As digital sales continue to skyrocket with COVID-19 cases still on the rise globally, the company’s focus on investing in online apps and websites...

It's been over a year since Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) subsidiary Google announced its proposed acquisition of Fitbit (NYSE: FIT) , and the two companies have been working to secure the necessary regulatory approvals ever since. A few months ago, antitrust r...

Earlier today, the EU conditionally approved Google's buyout of Fitbit. The DOJ will likely shortly follow with an approval. The Merger Agreement only requires approval from these two regulators so Fitbit shareholders should receive $7.35 in cash shortly in their brokerage account...

The EU conditionally approves Google's ([[GOOG]],[[GOOGL]]) $2.1B acquisition of Fitbit (FIT).Google will have to silo off user data and not use it for targeted advertising and ensure that Android phones will continue to work with other fitness wearables and smartwatches.The te...

Morgan Stanley is out with its 2021 IT hardware industry outlook and expects the sector's stocks to continue their recent outperformance, forecasting 4% faster revenue growth than consensus estimates and upside operating leverage.Over the past two months, IT hardware stocks have out...

Everyone thinks of Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) as an advertising company with nine products boasting over 1 billion users. That's fair. The company's Google search engine, Gmail, and YouTube are dominant in their categories. But there is another area where the compan...

The exercise industry is on watch after Apple (AAPL) announces details on its Fitness+ subscription service built around Apple Watch, which launches on December 14. The service will cost $9.99 per month or $79.99 per year. "We're excited for Apple Fitness+ to bring together the metrics from A...

Google's acquisition of Fitbit has been pending since November 2019. The deal has been under strict scrutiny from anti-trust regulators across the world since this deal was announced. A few days ago, we received news that this transaction will likely close in 2020. For furth...

Merger activity increased last week with five new deals announced. The merger of IHS Markit and S&P Global for $44 billion. The acquisition of Slack Technologies by salesforce.com. For further details see: Merger Arbitrage Mondays: Yet Another Deal Receives A Higher ...