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.

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Source Fool.com