DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister …
Read More »Google buys Fitbit to boost hardware
Bloomberg Alphabet Inc’s Google acquired smartwatch maker Fitbit Inc for $2.1 billion in cash, a move that could shore up the internet giant’s hardware business while also potentially increasing antitrust scrutiny. Fitbit shares jumped 16%. Google will pay $7.35 a share for San Francisco-based Fitbit, according to a statement. That represents a 71% premium to Fitbit’s stock price before Reuters …
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