Jump to content

Google says it’s closing the Fitbit acquisition—uh, without DOJ approval?


DudeAsInCool

Recommended Posts

Google's senior VP of Hardware, Rick Osterloh, announced Thursday that Google has closed its acquisition of Fitbit. The $2.1 billion deal was announced back in November 2019 and kicked off a regulatory review process from governments around the world concerned about Google's influence over the Internet and the data it can collect on users.

Normally, Osterloh announcing that "Google has completed its acquisition of Fitbit, and I want to personally welcome this talented team to Google" would mean Google has cleared its worldwide regulatory gauntlet. Google's announcement today is highly unusual since the Department of Justice has not yet cleared the deal. As the DOJ told New York Times reporter Cecilia Kang, "The Antitrust Division's investigation of Google's acquisition of Fitbit remains ongoing." Australian regulators also haven't announced a final decision on the merger. It seems particularly provocative for Google to do something like this while it is also dealing with a DOJ antitrust investigation.

When asked about the status of the DOJ's merger investigation, a Google spokesperson told Ars, "We complied with the DOJ's extensive review for the past 14 months, and the agreed-upon waiting period expired without their objection. We continue to be in touch with them and we're committed to answering any additional questions. We are confident this deal will increase competition in the highly crowded wearables market, and we've made commitments that we plan to implement globally."

Read 14 remaining paragraphs | Comments

View the full article

Link to comment
Share on other sites

Please sign in to comment

You will be able to leave a comment after signing in



Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.
  • Our picks

    • Wait, Burning Man is going online-only? What does that even look like?
      You could have been forgiven for missing the announcement that actual physical Burning Man has been canceled for this year, if not next. Firstly, the nonprofit Burning Man organization, known affectionately to insiders as the Borg, posted it after 5 p.m. PT Friday. That, even in the COVID-19 era, is the traditional time to push out news when you don't want much media attention. 
      But secondly, you may have missed its cancellation because the Borg is being careful not to use the C-word. The announcement was neutrally titled "The Burning Man Multiverse in 2020." Even as it offers refunds to early ticket buyers, considers layoffs and other belt-tightening measures, and can't even commit to a physical event in 2021, the Borg is making lemonade by focusing on an online-only version of Black Rock City this coming August.    Read more...
      More about Burning Man, Tech, Web Culture, and Live EventsView the full article
      • 0 replies
    • Post in What Are You Listening To?
      Post in What Are You Listening To?
    • Post in What Are You Listening To?
      Post in What Are You Listening To?
    • Post in What Are You Listening To?
      Post in What Are You Listening To?
    • Post in What Are You Listening To?
      Post in What Are You Listening To?
×
×
  • Create New...