Google completes Fitbit deal amid antitrust concerns

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Google muscles up with Fitbit deal amid antitrust concerns

FILE PHOTO: The ticker symbol for Fitbit is displayed at the post where it is traded on the floor of the New York Stock Exchange February 23, 2016. REUTERS/Brendan McDermid/File PhotoSAN RAMON: Google has completed its US$2.1 billion acquisition of fitness-gadget maker Fitbit, a deal that could help the internet company grow even stronger while US government regulators pursue an antitrust case aimed at undermining its power.

But Google wound up entering a series of commitments in Europe and other parts of the world pledging it won't use the health and fitness data from Fitbit's 29 million users to sell more ads. It insists it is more interested in adding Fitbit to its expanding arsenal of internet-connected products, which include smartphones, laptops, speakers, cameras and thermostats.

 

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