Google is planning to buy Fitbit

Google is planning to buy Fitbit

Google is planning to buy Fitbit

A Google-owned company is planning to buy Alphabet Fitbit (Fitbit). According to a report, Google has formally offered to buy Wearable company Fitbit. However, it is unclear how much Google will pay to Fitbit.

Buying a Fitbit means that Google will eventually get a team that works on the Pixel Watch and that it can compete with other devices in the device market.

At this time, Google is providing its Wear OS to third parties.

Google wants to expand its hardware portfolio by buying Fitbit.

Although Fitbit's latest product Warsaw Lite and Warsaw 2 sales have not been satisfactory, as news of Google buying Fitbit has grown, its shares have dropped 30%.

Reuters says that Google has already bought Intellectual Property related to Fossil's Smart Watch this January. Google bought it for $ 40 million. It is not yet known what further work Google has done on it.