Results: Google to buy Fitbit in $2.1 billion deal!
Published on 11/03/2019
Google announced plans on Friday to acquire Fitbit, the world's leading maker of wearable fitness activity trackers.
The deal, worth about $2.1 billion, is one of Google's (GOOGL) largest acquisitions. The wearable market is growing quickly. Although Google makes some hardware, including Pixel phones and Nest devices, it hasn't made much headway into smartwatches and other wearable devices.
"With Google's resources and global platform, Fitbit will be able to accelerate innovation in the wearables category, scale faster, and make health even more accessible to everyone," Fitbit co-founder and CEO James Park said.
QUESTIONS
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Comments
1.
1.
Are you aware of this business deal?
Yes
23%
707 votes
No
79%
2468 votes
2.
2.
Do you think that the trend of a big company (Google) buying out a small company (Fitbit) is growing within the North American business system? Yes
62%
1939 votes
No
10%
315 votes
Undecided
30%
921 votes
3.
3.
Do you use a wearable device to keep track of your health? Yes
17%
530 votes
No
72%
2248 votes
Undecided
4%
115 votes
Not Applicable
9%
282 votes
4.
4.
Would you like to build a small company only to be acquired by a large company? Yes
26%
801 votes
No
42%
1322 votes
Undecided
34%
1052 votes
COMMENTS