FIT stock is up 24% on Monday after it emerged that Google’s parent company Alphabet Inc (NASDAQ:GOOGL) has made an offer to buy Fitbit Inc (NYSE:FIT).
Google Entering the Wearables MarketThe internet giant is attempting to enter the wearable devices market, following the likes of Apple (NASDAQ:AAPL) and Samsung (OTC:SSNLF), with a bid for the San Francisco-based fitness tracker maker. While there is no certainty that the talks will lead to any concrete deal, nor is there any confirmation on how much Alphabet has offered to acquire Fitbit, which has a market cap of nearly ...
Read The Full Article On MicroSmallCap.com
Get early insight on hidden secret gems on MicroSmallCap. Follow Crypto, Mining, Cannabis and Energy stocks and get free research reports here.
All content provided by MicroSmallCap is subject to our Terms Of Use and Disclaimer.