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Google Fitbit Acquisition Under EU Investigation

The European Union has officially opened an investigation into Google's acquisition of Fitbit. Google planed to buy Fitbit for $2.1 billion in November. Now the company's waiting for regulatory approval as retailers like Lululemon enter the fitness market with their own acquisitions. Clothing sports brand Lululemon announced the acquiition of Mirror for $500 million in June.

Read the whole story at Business Insider »

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