Technology Fitbit stock surges on report that Google-parent Alphabet may buy company
Google parent Alphabet agrees to buy Fitbit
It's part of the "next evolution of Wear OS."Fitbit is behind fitness trackers like the Versa 2 smartwatch and the Charge 3 band, which are compatible with both Apple'siOS and Google's Android operating systems (the Apple Watch is iOS-only).
Fitbit 's stock continued a two-day surge on Monday following a Reuters report that it's been mulling acquisition possibilities with investment bank Qataly The bank argued Fitbit could attract interest from Google - parent Alphabet , which doesn't have a smartwatch product like other tech giants.
Wareable, on fitbit charge 3. Fitbit 's latest innovation is a design treasure. Prepare to do way more than just count your steps: Fitbit 's new smartwatch is finally here, and it’s called Ionic. Fitbit Ace opens up a direct line of communication across the family to help parents and their children
Fitbit shares surged Monday as a new report claimed that Google-parent Alphabet was looking into buying the wearable company.
© Provided by CBS Interactive Inc. Google-parent Alphabet may be eyeing Fitbit, makers of the Versa 2 smartwatch. Sarah Tew/CNET According to the report from Reuters, Alphabet has "made an offer" to buy Fitbit, though the report did not disclose terms. After briefly being halted, shares of Fitbit resumed trading late Monday morning, with the company rising nearly 28% to $5.51 early Monday afternoon.
Fitbit, of course, is the maker of popular wearables and fitness trackers including the recent Versa 2 smartwatch. Unlike the Apple Watch, which is iPhone-only, Fitbit's products work on both iOS and Android and provide a way for Android users to be able to connect to a wearable.
Google owner Alphabet wants to buy Fitbit, report says
Google's parent company Alphabet has offered to acquire Fitbit, according to a Reuters report.But, the existence of an offer doesn’t suggest an acquisition is imminent: “There is no certainty that the negotiations between Google and Fitbit will lead to any deal,” according to the Reuters report.
Reuters sources said Alphabet has "made an offer" to buy Fitbit for an as yet undetermined Fitbit is apparently quite serious about exploring a sale. Reuters sources said Alphabet has All products recommended by Engadget are selected by our editorial team, independent of our parent company .
Google parent company Alphabet is reportedly in talks to buy wearable company Fitbit , Reuters reports . There is currently no confirmation that the deal will definitely take place In addition, please read our Privacy Policy, which has also been updated and became effective May 23rd, 2018.
© Sarah Tew/CNETGoogle has tried in the past to develop its own wearable platform called WearOS to rival Apple's smartwatch, but early efforts have failed to catch on with consumers despite attracting a host of high profile partners such as Tag Heuer, Fossil, Michael Kors and Movado.
In IDC's recent wearables report, the research firm found that Fitbit had a market share of 10.1% during the second quarter of 2019, shipping 3.5 million devices.
Google and Fitbit did not immediately respond to a request for comment. Alphabet is set to report earnings after the bell closes on Monday afternoon.
Autonomous car: Fiat Chrysler discusses with Uber
The Italian-American car manufacturer Fiat Chrysler (FCA), which recently signed an agreement with Google on unmanned vehicles, is in discussions with Uber Technologies for a similar partnership and also had contacts with Amazon, says Bloomberg on Wednesday.
Asked by AFP, an FCA spokesperson in Italy said the group was not commenting on it.
According to Bloomberg, who quotes a person close to the case, an alliance with the Uber US car-driver reservation mobile application could be announced by the end of the year. Another person close to the case says the discussions are at a preliminary stage and that Uber is having discussions with other automakers.
Fiat has also been in contact with Amazon's online commerce giant, according to this source.
Google Cars
FCA announced on May 3 that it will provide a hundred vehicles specially adapted to the US internet giant Alphabet, parent company of Google, to allow the latter to extend its tests of self-driving cars without driver.
FCA will design specifically for Alphabet an adapted version of the Chrysler Pacifica minivan incorporating the technologies of the internet giant.
© Delivered by La Tribune FCA announced on May 3 that it will be supplying a hundred vehicles specifically adapted to the US internet giant Alphabet, my mother of Google, to allow the latter to extend its tests of autonomous cars without driver. Fiat Chrysler boss Sergio Marchionne said shortly after he was open to other partnerships, including with Apple.
Alliances galore
Several car groups have formed links with mobile applications for booking a car with driver or taxi. The Japanese Toyota announced on May 24 a strategic and financial partnership with Uber - including vehicles without driver but going well beyond, such as carpooling. The German Volkswagen has bet on a competitor Gett, with an investment of $ 300 million. As for the American General Motors, he invested at the beginning of the year in Lyft.
At the Milan Stock Exchange, FCA gained 1.95% to 6.54 euros Wednesday midday, in a market down 0.16%. He was particularly driven by the statements the day before the Italian Minister of Transport Graziano Delrio, who pointed out in Luxembourg that Fiat vehicles did not have "illegal devices" to thwart anti-pollution standards, unlike those of Volkswagen "already identified ".
On May 23, the FCA title fell on the Milan Stock Exchange, following reports in the German press that the group rigged its engines to defeat anti-pollution standards.
The German government had denounced the "non-cooperation" of the Italian manufacturer who had not gone to a meeting in Berlin to discuss possible irregularities in the emissions of its diesel vehicles.
FCA reiterated that "the cars in the group were fully compliant with European standards in force in the EU" and stated that only the Italian authorities were competent to evaluate the pollutant emissions of its vehicles.
At the origin of the "Dieselgate", Volkswagen had put in place on 11 million vehicles in the world a foolproof software, specially designed to lower the emissions of the diesel engine during an emission control.
(With AFP)
Google parent Alphabet to buy smartwatch maker Fitbit in $2.1-billion deal .
Fitbit is officially ceding over control after entering into "a definitive agreement" with Google for $7.35 per share in cash, Fitbit said in a statement. "With Google’s resources and global platform, Fitbit will be able to accelerate innovation in the wearables category, scale faster, and make health" data more accessible, " said James Park, co-founder and CEO of Fitbit.The pioneering maker of fitness gear helped to revolutionize the wearables market with its step counting device in 2007, but consumer interest has waned since Apple introduced the world to its smartwatch.
Topical videos:
How will new Uber accusations affect trade secrets trial?
The Justice Department reportedly is investigating whether Uber stole trade secrets from its competitors. The allegations were revealed in a letter by the lawyer ...
#ThankstoEducation Patricia Has This in Common With Einstein and Curie
Einstein had it. Marie Curie had it. So did Manhattan Project scientist Chien Shiung Wu and biochemist Marie Maynard Daly. They all had within them a ...
See also:
Google buys Fitbit for $2.1 billion 
Google parent Alphabet agrees to buy Fitbit in $2.1 billion deal 
Alphabet is reportedly interested in buying Fitbit 
Fitbit buy is Google's latest step into gadgetry 
Google buys Fitbit for $2.1B, enters crowded wearables field 
Google parent Alphabet to buy smartwatch maker Fitbit in $2.1-billion deal Topical videos
TOP News
TOP News
Latest News
Similar from the Web
Fitbit 's stock continued a two-day surge on Monday following a Reuters report that it's been mulling acquisition possibilities with investment bank Qataly The bank argued Fitbit could attract interest from Google - parent Alphabet , which doesn't have a smartwatch product like other tech giants.
Fitbit Official Site for Activity Trackers & MoreWareable, on fitbit charge 3. Fitbit 's latest innovation is a design treasure. Prepare to do way more than just count your steps: Fitbit 's new smartwatch is finally here, and it’s called Ionic. Fitbit Ace opens up a direct line of communication across the family to help parents and their children
Alphabet is reportedly interested in buying Fitbit | EngadgetReuters sources said Alphabet has "made an offer" to buy Fitbit for an as yet undetermined Fitbit is apparently quite serious about exploring a sale. Reuters sources said Alphabet has All products recommended by Engadget are selected by our editorial team, independent of our parent company .
Google is reportedly trying to buy Fitbit - The VergeGoogle parent company Alphabet is reportedly in talks to buy wearable company Fitbit , Reuters reports . There is currently no confirmation that the deal will definitely take place In addition, please read our Privacy Policy, which has also been updated and became effective May 23rd, 2018.
Google - parent Alphabet is in talks to buy smartwatch maker FitbitGoogle parent company Alphabet made an offer to acquire Fitbit , Reuters reported Monday. Fitbit 's stock was halted after skyrocketing more than 18%. The deal would make Alphabet a player in the wearable fitness tracking space, competing against the likes of Apple, which recently released a new
Exclusive: Google owner Alphabet in bid to buy Fitbit - sources(Reuters) - Google owner Alphabet Inc (O:GOOGL) has made an offer to acquire U.S. wearable While Google has joined other major technology companies such as Apple Inc (O:AAPL) and There is no certainty that the negotiations between Google and Fitbit will lead to any deal, the sources said
Exclusive: Google owner Alphabet in bid to buy Fitbit - sources(Reuters) - Google owner Alphabet Inc (O:GOOGL) has made an offer to acquire U.S. wearable While Google has joined other major technology companies such as Apple Inc (O:AAPL) and There is no certainty that the negotiations between Google and Fitbit will lead to any deal, the sources said
Alphabet Inc. - WikipediaAlphabet Inc. is an American multinational conglomerate headquartered in Mountain View, California. It was created through a corporate restructuring of Google on October 2, 2015
Fitbit , Inc. (FIT) stock price, quote, history & newsDavidson, who has a buy rating on Fitbit , said the stock market isn’t giving companies Could Fitbit Be a Good Fit for Google Parent Alphabet ? Fitbit stock climbed on September 20 after reports claimed the consumer technology giant had hired a boutique investment company to explore a sale.
Fitbit , Inc. (FIT) Stock Price, Quote, History & NewsThe Q3 Fitbit earnings report is no exception. However, how the markets will react to Fitbit stock depends on Davidson, who has a buy rating on Fitbit , said the stock market isn’t giving companies enough credit for their It could attract acquisition interest from Google parent Alphabet (GOOGL).
