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Alphabet Considers Buying Fitbit

  • Bloomberg, Wednesday, October 30, 2019 10:14 PM
Google’s Alphabet Inc. is looking at a potential acquisition of smart watch maker Fitbit. Reports of the talks sent Fitbit’s stock up as much as 41% earlier in the week. “Google is under investigation for anti-competitive behavior by both the U.S. federal government and a collection of state attorneys general because of its online advertising and data collection practices, making any acquisition the company does likely to come under strict scrutiny,” according to Bloomberg.

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