financetom
Technology
financetom
/
Technology
/
EU clears Google's purchase of Fitbit, with conditions
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
EU clears Google's purchase of Fitbit, with conditions
Dec 17, 2020 10:24 AM

EU regulators cleared Google's plan to buy fitness tracking device maker Fitbit after the company promised to silo off user data and not use it for advertising.

The U.S. tech giant also pledged to ensure Android phones can continue working with other smartwatches and wearable devices and that health and fitness apps would still be able to access Google and Fitbit data.

Google made the commitments, which last for at least 10 years, to get approval from the EU after the bloc's competition watchdog launched an-depth investigation of the $2.1 billion deal this year.

Human rights and consumer groups had called on authorities to block the deal, citing privacy and antitrust concerns. The EU was initially worried the deal would expand Googles data advantage and raise barriers for rivals in the online ad industry.

The EU's competition commissioner, Margrethe Vestager, said she approved the deal because Google's commitments will ensure that the market for wearables and the nascent digital health space will remain open and competitive.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Decoding Lam Research's Options Activity: What's the Big Picture?
Decoding Lam Research's Options Activity: What's the Big Picture?
Jan 30, 2025
Investors with a lot of money to spend have taken a bullish stance on Lam Research ( LRCX ) . And retail traders should know. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know. But when something this...
SAP Stock: A Deep Dive Into Analyst Perspectives (5 Ratings)
SAP Stock: A Deep Dive Into Analyst Perspectives (5 Ratings)
Jan 30, 2025
Ratings for SAP were provided by 5 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 5...
Forecasting The Future: 4 Analyst Projections For Corning
Forecasting The Future: 4 Analyst Projections For Corning
Jan 30, 2025
Throughout the last three months, 4 analysts have evaluated Corning , offering a diverse set of opinions from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 0 2 0...
French privacy watchdog to quiz DeepSeek on AI and data protection risks
French privacy watchdog to quiz DeepSeek on AI and data protection risks
Jan 30, 2025
BRUSSELS, Jan 30 (Reuters) - France's privacy watchdog, CNIL, will question Chinese startup DeepSeek to gain a better idea of how its AI system works and possible risks to users' privacy, a spokesperson for the watchdog said on Thursday. DeepSeek has attracted global attention after writing in a paper last month that the training of DeepSeek-V3 required less than $6...
Copyright 2023-2026 - www.financetom.com All Rights Reserved