The Google company announced that the acquisition of Fitbit, a smartwatch producer, is practically completed. Fitbit also specializes in the development of various fitness gadgets that are popular among fans of sport and healthy lifestyle. According to the official data, the deal values at around $2.1 billion. However, as soon as Google buys something, it becomes much more expensive. Thus, Fitbit’s stocks surged by 15% having increased significantly the market value of the company. Google paid $7.35 per share in cash for the acquisition. The deal is planned to be completed in 2020.
Remarkably, Fitbit’s stocks skyrocketed by more than 30% on news that Google parent company Alphabet had made an offer to acquire the smartwatch maker. However, in the Fitbit’s announcement it was noted that the deal was made with Google Inc. whereas Alphabet was not even mentioned in the press release.
