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Is that true? I thought the acquisition failed because of the EU.


The EU hasn't decided whether to permit it, yet.

https://siliconcanals.com/news/google-fitbit-merger-5-things...


August 4, 2020, https://ec.europa.eu/commission/presscorner/detail/en/ip_20_...:

“The European Commission has opened an in-depth investigation to assess the proposed acquisition of Fitbit by Google under the EU Merger Regulation. The Commission is concerned that the proposed transaction would further entrench Google's market position in the online advertising markets by increasing the already vast amount of data that Google could use for personalisation of the ads it serves and displays.”

So, the jury is still out on that one.


EU has set a July 20 deadline for the deal. Google and Fitbit already have regulatory approval for the deal in the U.S.


Is that 2021? We're already past July 20.




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