US Justice Department to review Google’s $2.1 billion Fitbit buyout deal



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US Justice Department to review Google’s $2.1 billion Fitbit buyout deal

The US Department of Justice had been sketching out a plan to review Alphabet Inc. owned Google LLC.’s $2.1 billion buyout bid for San Francisco, CA-based wearable technology device manufacturer Fitbit Inc. on potential anti-trust issue, a source directly briefed over the subject-matter had unveiled late on Tuesday, the 10th of December 2019, suggesting further regulatory backlash ahead for the world’s No.

1 internet service provider. In point of fact, the $2.1 billion buyout bid for Fitbit Inc., announced earlier on November this year, would likely to proffer the search engine and online advertising behemoth, Google LLC., a substantial scale of arsenal to take on wearable tech device industry giants likes of Apple and Samsung which had been dominating the highly clogged fitness trackers and smart watches market.

Nonetheless, a slew of US watchdog groups including Public Citizen alongside the Center for Digital Democracy had been urging the US anti-trust regulators to block the search engine Goliath’s move to purchase Fitbit Inc., since it would more likely to open up a pandora’s vault containing millions of American nationals’ data to an online advertising giant, the Google LLC and would expose a slew of sensitive health-related intel, suggested a New York Post report published earlier on Tuesday (December 10th) which was the first to report that the US Department of Justice alongside US FTC (Federal Trade Commission) would be reviewing the merger of Fitbit Inc. and Alphabet Inc. owned Google LLC.