Google has it eyes fixed on a slice of the crowded market of fitness trackers and smartwatches, people familiar with the matter said on Monday 28th October 2019 that Alphabet Inc has made an offer to acquire U.S. wearable device maker Fitbit Inc
While Google has joined other major technology companies such as Apple Inc and Samsung Electronics Co Ltd in developing smart phones, it has yet to develop any wearable offerings of their own.
There is no certainty that the negotiations between Google and Fitbit will lead to any deal, the sources said, asking not to be identified because the matter is confidential. The exact price that Google has offered for Fitbit could not be learned.
Google and Fitbit declined to comment. This is a developing story.
Source: Reuters.
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