Google bought Fitbit for $ 2.1 billion

Google bought Fitbit for $ 2.1 billion

Google bought Fitbit for $ 2.1 billion

Rumors of buying a Google Fitbit have been circulating for some time. Today these rumors have come true. Google has bought Fitbit for $ 2.1 billion in cash. Both companies have announced the purchase. Fitbit is now part of Google's hardware division and will be developing devices for Google's wireless OS.

The purchase of the Fitbit will be finalized next year.

It is yet to be obtained by the authorities and the shareholders of Fitbit. Fitbit's market capitalization is currently $ 1.6 billion. Google has bought the company by paying more than its price.

Fitbit says its devices will be able to run on both Android and iOS in the future. Google says it will not use Fitbit's health data for ads.