Fitbit Bought by Google

Christopher Zenios05/11/20192min
Google has released an official announcement that the company is buying Fitbit in a deal worth $2.1 billion.

The announcement was posted by Rick Osterloh who commented that the move is

an opportunity to invest even more in Wear OS as well as introduce Made by Google wearable devices into the market.

Google is currently behind in the smartwatch market and is aiming to boost Wear OS, previously this year Google purchased an unknown tech from Fossil Group for $40 million in aid of their cause.

Osterloh commented,

“Fitbit has been a true pioneer in the industry and has created engaging products, experiences and a vibrant community of users.” Adding, “By working closely with Fitbit’s team of experts, and bringing together the best AI, software and hardware, we can help spur innovation in wearables and build products to benefit even more people around the world.”

With the new deal, Fitbit will be joining Google however the company issued a separate statement mentioning that “Fitbit health and wellness data will not be used for Google ads.”

As google wishes to impact the smartwatch market the company has the potential to integrate Fitbit with existing google fit apps to provide an android alternative to Apple Watches’ successful fitness tracking.

In other news recently Google invested $2bn in Global Renewable Energy.


Image Source by TechRadar

Christopher Zenios

Christopher has always been a pioneer, a first adopter when it comes to technological advancements. Over the years, his expertise surrounded the real estate and digital markets and their evolution in today's society. After being the editor to various professional business news portals and blogs, he was selected to become the chief editor for HWC. Contact Christopher at +357-22029786 ext: 6110 or by email at [email protected] for editorial related questions.

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