By Dave Sebastian

 

Google has completed its $2.1 billion acquisition of Fitbit Inc. after facing regulatory scrutiny, a deal that would let Google push more deeply into the wearable-device and health-data businesses.

European Union antitrust officials last month approved the acquisition but will enforce conditions on the deal aimed at protecting users' health data and preserving competition in the wearable-tech sector.

"This deal has always been about devices, not data, and we've been clear since the beginning that we will protect Fitbit users' privacy," Rick Osterloh, Google's senior vice president for devices and services, said Thursday.

Write to Dave Sebastian at dave.sebastian@wsj.com

 

(END) Dow Jones Newswires

January 14, 2021 09:30 ET (14:30 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
Fitbit (NYSE:FIT)
Historical Stock Chart
From Aug 2021 to Sep 2021 Click Here for more Fitbit Charts.
Fitbit (NYSE:FIT)
Historical Stock Chart
From Sep 2020 to Sep 2021 Click Here for more Fitbit Charts.