Google Closes Fitbit Deal Amid Ongoing U.S. DOJ Review (1)

Jan. 14, 2021, 5:55 PM

Alphabet Inc.’s Google closed its $2.1 billion takeover of Fitbit Inc. even though the U.S. Justice Department said it is still conducting an antitrust investigation of the deal.

In a blog post Thursday, Google said it completed the acquisition and highlighted the company’s binding commitments to protect user privacy. Shortly after the blog was published, the Justice Department’s antitrust division released a statement saying it hasn’t signed off on the deal.

“The Antitrust Division’s investigation of Google’s acquisition of Fitbit remains ongoing,” Alex Okuliar, a deputy assistant attorney general, said. “Although the division has not reached a final ...

To read the full article log in.

Learn more about a Bloomberg Law subscription.