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US: Alphabet to buy Fitbit?

 |  October 28, 2019

Google owner Alphabet has made an offer to acquire US wearable device maker Fitbit, as it eyes a slice of the crowded market for fitness trackers and smartwatches, reported Reuters

While Google has joined other major technology companies such as Apple and Samsung Electronics in developing smart phones, it has yet to develop any wearable offerings. 

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.

Fitbit’s fitness trackers monitor users’ daily steps, calories burned, and distance traveled. They also measure floors climbed, sleep duration and quality, and heart rate.

Full Content: Reuters

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