Google will win regulator approval for its $2.1 billion Fitbit takeover after making new concessions on user data, according to a report

  • Date: 29-Sep-2020
  • Source: Business Insider
  • Sector:Economy
  • Country:GCC
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Google will win regulator approval for its $2.1 billion Fitbit takeover after making new concessions on user data, according to a report

Google is expected to win EU approval for its $2.1 billion Fitbit deal after it addressed competition and data concerns, Reuters reported.

The internet giant has offered to restrict how it uses Fitbit data, as previously promised to the EU. 

It will also make it easier for competitors to connect to its Android platform, according to people familiar with the matter.

The EU opened a four-month long investigation into Google's acquisition of Fitbit in August. The deal was first announced in November 2019.

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Google's $2.1 billion acquisition of wearables company Fitbit will reportedly be cleared by antitrust regulators after the tech giant agreed to restrict how it uses customer data.

Google offered to restrict the ways it uses health data collected from Fitbit devices, as previously promised to