Competition watchdog grants conditional approval for Google-Fitbit deal
The approval comes with Google’s promise to meet conditions that will be in place for 10 years and will be independently monitored
22 December 2020 - 16:24
SA’s competition authorities have granted conditional approval for the merger of tech giant Google and Fitbit, the maker of wearable fitness devices.
In a statement on Tuesday, the Competition Commission said it had approved the deal whereby Google will acquire Fitbit for a reported $2.1bn, in a transaction that must run a gamut of approvals from global competition authorities including in the US, Australia, Canada and Japan...
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