Market Overview

Report: Google Looking To Acquire Fitbit

Report: Google Looking To Acquire Fitbit

Alphabet Inc's (NASDAQ: GOOG)(NASDAQ: GOOGL) Google has made an offer to acquire Fitbit Inc (NYSE: FIT), according to Reuters.

Fitbit supplies fitness trackers and smartwatches. Reuters said there is no certainty the negotiations between Alphabet and Fitbit will lead to a deal, and the exact price Google has offered for Fitbit was undisclosed.

Fitbit's stock spiked higher by 28% to $5.58 per share following the report. Alphabet is scheduled to reported third-quarter earnings after Monday's closing bell.

Related Links:

Google Will Invest An Added $1.1B In Dutch Data Centers

Report: Google To Invest Additional $1B In Housing In The Bay Area

Photo courtesy of Fitbit.

Posted-In: ReutersM&A News Rumors Tech Media Best of Benzinga


Related Articles (FIT + GOOG)

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at