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Google’s Fitbit Acquisition Gets Instant Antitrust Scrutiny (1)

Nov. 1, 2019, 6:29 PMUpdated: Nov. 1, 2019, 8:59 PM

Google’s $2.1 billion acquisition of Fitbit Inc. means two of the largest technology companies now dominate the U.S. market for fitness tracking devices and data, and the purchase is already coming under fire from U.S. lawmakers.

Google and Fitbit expect the deal to face protracted regulatory review in light of the current political focus on competition and privacy issues in the tech industry, a person familiar with the transaction said.

And two of the company’s major critics in Congress urged regulators to conduct just such a thorough review.

“Why should Google be permitted to acquire even more companies while they’re ...