Search This Blog

Friday, November 1, 2019

Facebook held Fitbit acquisition talks

The Information sources say Facebook (FB +0.4%) held talks about acquiring Fitbit (NYSE:FIT), but was only willing to offer about what Google (GOOG +0.6%)(GOOGL +0.7%) was willing to pay.
The interest alone shows Facebook’s growing push into hardware.
Earlier today, Fitbit announced Google will acquire the company for $7.35 per share for a fully diluted equity value of $2.1B.
FIT shares are up 15.6% to $7.14. Peer Garmin (NASDAQ:GRMN) is up 2% to $95.64.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.