A password will be e-mailed to you.

Google’s parent Alphabet makes offer to buy Fitbit

Google owner Alphabet Inc has now made an offer to acquire the US wearable device market FitBit Inc, as it eyes a slice of the crowded market for the fitness trackers and smartwatches, according to the report.

While Google has joined some other major technology companies such as Samsung and Apple Inc in developing smartphones, it has yet to develop any of the wearables offerings.

There is no certainty that the negotiation between Google and FitBit will lead to any deal, said the announcement, asking not to be identified because the matter is so much confidential.

A deal for the FitBit would come as its dominant share of the fitness tracking sector as it continues to be chipped away by cheaper offerings from the companies such as the China Huawei Technologies Co Ltd and Xiaomi Corp.

Comments

comments

No more articles

Send this to a friend