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...Subscriptions for YouTube Premium and YouTube TV are included in “other” — a huge category that also includes in-app purchases and sales of Fitbits....
...And Fitbit — whose supervoting shares were due to expire after 12 years — suffered a stock price collapse almost immediately after its IPO and sold itself to Google....
...The EU has demanded that Google make major concessions relating to its $2.1bn acquisition of fitness-tracking company Fitbit if the deal is to be allowed to proceed imminently, according to people with direct...
...Fitbit health and wellness data will not be used for Google ads. And we will give Fitbit users the choice to review, move, or delete their data.”...
...It took Google 14 months before it could close its $2.1bn acquisition of Fitbit. Shareholders should expect the same foot-dragging with the Mandiant deal....
...The probe follows a series of acquisitions led by Big Tech — including Facebook’s acquisition of WhatsApp and Instagram or Google’s acquisition of Fitbit....
...The new valuation, the highest of any privately owned fitness monitoring group, is notably more than 50 per cent higher than the $2.1bn Google paid for tracker Fitbit, a deal that stoked opposition from...
...They also pointed to concerns over the handling of user data if Google were to further integrate Fitbit into its operations....
...Google has also offered guarantees that other devices will have access to Fitbit’s health data, with a user’s consent, on the same terms as Google and that Fitbit’s customers can continue to use services...
...health and wellness data would not be used for Google ads and that Fitbit users would be able to “review, move or delete their data”....
...Google has pledged not to use the health data gathered by Fitbit’s tens of millions of users to enhance its ability to target advertising....
...Fitbit’s wearable rivals objectOur Brussels bureau reports rival makers of wearable technology are ramping up their opposition to Google’s $2.1bn acquisition of fitness-tracking company Fitbit, arguing to...
...Tech companies such as Apple and Fitbit, now owned by Google, have offered smartwatches and wristbands for several years to track fitness and receive smartphone notifications....
...The recent EU inquiry into Google’s acquisition of Fitbit is a case in point, with European regulators worried that the influx of data from Fitbit devices might further entrench Google’s dominant position...
...The company also announced Fitness Plus, a workout-streaming and health service costing $9.99 a month which looks set to rival the guided health programme offered by FitBit at the same price point....
...S&P Global will glean some insight into any potential fight with the European Commission in the months ahead, when the commission concludes its investigation of Google’s takeover of Fitbit....
...Brussels has competition concerns on a number of large transactions, including the proposed acquisition by EssilorLuxottica of Dutch company GrandVision, Google’s intended purchase of Fitbit and PSA’s merger...
...Fitbit devices track location and biometrics — both useful bits of information. It has also been working on a services business, Fitbit Health Solutions, which includes functions such as coaching....
...Fitbit’s expected revenue of $1.5bn will not alter the trajectory of Alphabet’s $150bn much....
...who use Fitbit fitness trackers....
...Alphabet locks in record-low borrowing costs in $10bn deal (FT) Amazon’s Deliveroo investment approved by UK regulator (FT) France suspends Morgan Stanley from its government debt sales (FT) Google’s $2.1bn Fitbit...
...While Google’s cash offer represents a 19 per cent premium to Fitbit’s closing price on Thursday, it prices Fitbit at little more than half of the $4bn valuation at which it went public four years ago....
...As well as Fitbit, deals done by its Nest division suggest it sees the smart home as an important door into digital health, helping monitor patients outside of the hospital....
...Wearables track Covid-19 wellnessResearchers are turning to wearable technologies such as Fitbits and Apple Watches in a new bid to tackle coronavirus, using them to gather large volumes of real-time patient...
...Politicians and privacy campaigners call for Google’s $2.1bn deal for Fitbit to be blocked, Israeli prime minister Benjamin Netanyahu will be hit by prosecutors on bribery, fraud and breach of trust charges...
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