Advertisement

US Justice Department will reportedly investigate Google's Fitbit deal for antitrust issues

The deal will give Google the capability to take on Apple and Samsung in the market for fitness trackers.

Advertisement
|Dec 11, 2019, 07:56:53 IST
The US Justice Department will review plans by Alphabet Inc-owned Google to buy fitness tracker maker Fitbit Inc for possible antitrust issues, a source told Reuters on Tuesday.The $2.1 billion (£1.64 billion) deal will give search and advertising giant Google the capability to take on Apple and Samsung in the crowded market for fitness trackers and smart watches. It was announced on 1 November.[caption id="attachment_7767461" align="alignnone" width="1024"]Google

The Federal Trade Commission also reviews mergers and could have investigated Google's deal for Fitbit.[/caption]Watchdog groups like Public Citizen and the Center for Digital Democracy, among others, have urged antitrust enforcers to block the deal on the grounds that it will give Google even more data about American consumers.(Also read: Facebook was the mystery bidder for Fitbit against Google reveals report)The New York Post was the first to report that the Justice Department will review the merger. The Federal Trade Commission also reviews mergers and could have investigated Google's deal for Fitbit.Big tech companies like Facebook, Google, Amazon.com and Apple face a slew of antitrust probes by the federal government, state attorneys general and congress.

Handpicked stories, in your inbox
Global stories. Indian perspective. Zero noise.
No Spam. Unsubscribe Any Time.
First Published:Dec 11, 2019, 03:15:52 IST
Advertisement
Advertisement
Trending Stories

China's Kimi K3 challenges US AI leaders with frontier-level performance at lower cost

Chinese artificial intelligence startup Moonshot AI has unveiled its latest open-weight AI model, Kimi K3, with early results suggesting it could compete with some of the world's most advanced AI systems developed by leading US companies
2 min read
Advertisement
Advertisement
Up Next