YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Google announced the closure of its $2.1 billion purchase of Fitbit.
The announcement was unusual, given that the Department of Justice has not cleared the acquisition. The DOJ has been examining the deal over antitrust concerns.
"We complied with the DOJ's extensive review for the past 14 months, and the agreed-upon waiting period expired without their objection," a Google spokesperson said. "We are confident this deal will increase competition in the highly crowded wearables market, and we've made commitments that we plan to implement globally."
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