Google Scores European Approval for Fitbit Acquisition
It's been over a year since Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) subsidiary Google announced its proposed acquisition of Fitbit (NYSE: FIT), and the two companies have been working to secure the necessary regulatory approvals ever since. A few months ago, antitrust regulators in the European Union had extended the deadline to make a decision to Jan. 8, but have now approved the deal well ahead of that deadline.
Here's what investors need to know.
Fitbit Sense. Image source: Fitbit.
Source Fool.com
