Healthcare Innovation November 1, 2019
Fitbit has expanded its reach into healthcare recently, with the broad goal of leveraging its device data to deliver personalized guidance and coaching to consumers
Google LLC will be acquiring one of the world’s most prominent wearables companies, Fitbit, for $2.1 billion at a fully diluted equity value, the companies announced on Nov. 1.
Google will pay $7.35 per share in cash for the acquisition, Fitbit officials said in a press release announcement. The transaction is expected to close in 2020, subject to customary closing conditions, including approval by Fitbit’s stockholders and regulatory approvals.
“More than 12 years ago, we set an audacious company vision—to make everyone in the world healthier. Today, I’m incredibly proud of...
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