Report: Google's $2.1 Billion Fitbit Deal Is Close to Approval In Europe
The $2.1 billion buyout of health-tracker device veteran Fitbit (NYSE: FIT) that's being proposed by Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google is about to get clearance from European regulators. According to anonymous insiders quoted today by the Financial Times, Google and Alphabet are making new concessions that are likely to seal the deal.
Here's an overview of the new wrinkles to the Fitbit buyout proposal:
The regulators are still hammering out the final details of the Google-Fitbit combination, running the updated terms by other interested parties such as rival health-tracker makers and consumer watchdog organizations.
Source Fool.com
