5/12/2023 0 Comments Justice fit bitsThe Department of Justice did not respond immediately to a request for comment. The acquisition would give Google one of the leading companies in the growing market for wearable computing devices.Īccording to market research firm IDC, Apple was the No.1 maker of wearable devices worldwide in the third quarter, with a 35% share of the market. Many of Google's past deals have been reviewed by the FTC, which oversees a task force that monitors anticompetitive behavior in Silicon Valley, but the DOJ reportedly fought for jurisdiction to review the Fitbit deal and argued that reviewing the merger fit in with the government agency's broader antitrust investigation of the tech giant.įitbit makes smartwatches and fitness wristbands that are capable of tracking a wearer's sleeping habits, heart rate, and other personal information. The Department of Justice will review the Fitbit acquisition in addition to its investigation into Google's broader business practices, the New York Post's Josh Kosman reported Tuesday.Ĭompanies considering mergers are required to file proposals with both the Department of Justice and the Federal Trade Commission, so that either antitrust agency can review the deal. Now, the tech giant will face a government probe over $2.1 billion deal, according to a new report. Google's acquisition of Fitbit last month prompted immediate concerns about the tech giant's new access to sensitive health data, amid government scrutiny over its already-broad access to a range of private data on its consumers.
0 Comments
Leave a Reply. |