Company Logo



Home technology iot Google's parent company Alphabet likely to acquire Fitbit

Google's parent company Alphabet likely to acquire Fitbit


Iot

 Google's parent company Alphabet likely to acquire Fitbit

There seems to be a possibility that Google’s parent company Alphabet could procure wearable firm Fitbit. Reuters said that this procurement will bolster Google’s place in the wearable market, where it has been doing its best to produce smartwatches and Wear OS.  

It is uncertain if the deal is going to work and both Google and Fitbit declined to comment. Fitbit shares rose to 27% on the news, giving the company a market capitalization of $1.4 billion. Alphabet shares increased 2% to $1,293.49.

Although Google is dedicated to smartwatch market, there are many other devices with fitness tracking apps ruling the market, Fitbit is a step ahead with its smartwatch features like Versa line which does not use Wear OS.

Fitbit’s fitness tracker is used to track users’ everyday steps, calories burned, distance travelled, duration of sleep, heart rate etcetera.

Procuring Fitbit can also help in enhancing Google’s complete hardware strategy as it is now coming up with its own phones and devices. In 2018, it acquired large parts of HTC’s design division. It is rumored that Google is on the verge of building Pixel smartwatch.

It was reported last month by the Reuters that Fitbit was discussing to Qatalyst, an investment bank about exploring a sale.


Business News


Recommended News


Most Featured Companies

ciobulletin-aatrix software.jpg ciobulletin-abbey research.jpg ciobulletin-anchin.jpg ciobulletin-croow.jpg ciobulletin-keystone employment group.jpg ciobulletin-opticwise.jpg ciobulletin-outstaffer.jpg ciobulletin-spotzer digital.jpg ciobulletin-virgin incentives.jpg ciobulletin-wool & water.jpg ciobulletin-archergrey.jpg ciobulletin-canon business process services.jpg ciobulletin-cellwine.jpg ciobulletin-digital commerce bank.jpg ciobulletin-epic golf club.jpg ciobulletin-frannexus.jpg ciobulletin-growth institute.jpg ciobulletin-implantica.jpg ciobulletin-kraftpal technologies.jpg ciobulletin-national retail solutions.jpg ciobulletin-pura.jpg ciobulletin-segra.jpg ciobulletin-the keith corporation.jpg ciobulletin-vivolor therapeutics inc.jpg ciobulletin-cox.jpg ciobulletin-lanner.jpg ciobulletin-neuro42.jpg ciobulletin-Susan Semmelmann Interiors.jpg ciobulletin-alpine distilling.jpg ciobulletin-association of black tax professionals.jpg ciobulletin-c2ro.jpg ciobulletin-envirotech vehicles inc.jpg ciobulletin-leafhouse financial.jpg ciobulletin-stormforge.jpg ciobulletin-tedco.jpg ciobulletin-transigma.jpg ciobulletin-retrain ai.jpg
ciobulletin-abacus semiconductor corporation.jpg ciobulletin-agape treatment center.jpg ciobulletin-cloud4wi.jpg ciobulletin-exponential ai.jpg ciobulletin-lexrock ai.jpg ciobulletin-otava.jpg ciobulletin-resecurity.jpg ciobulletin-suisse bank.jpg ciobulletin-wise digital partners.jpg ciobulletin-appranix.jpg ciobulletin-autoreimbursement.jpg ciobulletin-castle connolly.jpg ciobulletin-cgs.jpg ciobulletin-dth expeditors.jpg ciobulletin-form.jpg ciobulletin-geniova.jpg ciobulletin-hot spring it.jpg ciobulletin-kirkman.jpg ciobulletin-matrix applications.jpg ciobulletin-power hero.jpg ciobulletin-rittenhouse.jpg ciobulletin-stt logistics group.jpg ciobulletin-upstream works.jpg ciobulletin-x2engine.jpg ciobulletin-kastle.jpg ciobulletin-logix.jpg ciobulletin-preclinical safety (PCS) consultants ltd.jpg ciobulletin-xcastlabs.jpg ciobulletin-american battery solutions inc.jpg ciobulletin-book4time.jpg ciobulletin-d&l education solutions.jpg ciobulletin-good good natural sweeteners llc.jpg ciobulletin-sigmetrix.jpg ciobulletin-syncari.jpg ciobulletin-tier44 technologies.jpg ciobulletin-xaana.jpg

Latest Magazines

© 2024 CIO Bulletin Inc. All rights reserved.