Google reported on Friday that it was acquiring Fitbit for $ 2.1 billion. Another report states that Google was not the main tech giant in negotiations to buy the wellness tracker and smartwatch maker. Google was intending for this arrangement with Facebook.
As indicated by a report in The Data, Facebook was apparently chatting with Fitbit. While the subtlety of what makes Google choose Fitbit on Facebook is questionable, in any case, sources close to the issue told Distribution that an essential motive behind Fitbit agreeing with Google was cash.
While Google paid Fitbit $ 2.1 billion in real money, Facebook usually wanted to wrap everything up in a large portion of that amount, which is the thing that ultimately influenced the choice in support of Google.
Primarily, Facebook's enthusiasm for acquiring Fitbit may seem strange from the start but in recent years the internet-based life giant has been quietly expanding its equipment portfolio. The organization so far featured Oculus Augmented Reality (VR) headsets and Gateway Lover speakers in its equipment lineup. Similarly, in September this year, three new entry gadgets - Gateway, Entrance Smaller and Entrance Television. Getting Fitbit would mean giving customers a more subtle AR / VR experience.
The Mountain View, California-based organization is, again, as of now Wear Operating Systems, the framework working for smartwatches in its portfolio. The organization not long ago received Fossil's smartwatch innovation for $ 40 million. Acquiring Fitbit seems as if a platform towards bringing each of these components together is finally promoting its very own smartwatch - a gadget that has been in the news for quite some time now. A smartwatch from Google or the Pixel watch, as it is being said, will basically end Google's environment and help it rival Apple, which is the iPhone 11 arrangement cell phone near the latest Propelled Watch Arrangement 5.
Regarding Fitbit's future at Google, the organization stated that it would be straightforward about customer information. "Solid safety and security regulations have been a piece of Fitbit's DNA since the very beginning, and that won't change ... The organization never sells personal data, and Fitbit goodness and health information will not be used for Google ads, "Fitbit wrote in an official statement.
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| Facebook was also in talks to buy Fitbit, but Google offered more cash |
As indicated by a report in The Data, Facebook was apparently chatting with Fitbit. While the subtlety of what makes Google choose Fitbit on Facebook is questionable, in any case, sources close to the issue told Distribution that an essential motive behind Fitbit agreeing with Google was cash.
While Google paid Fitbit $ 2.1 billion in real money, Facebook usually wanted to wrap everything up in a large portion of that amount, which is the thing that ultimately influenced the choice in support of Google.
Primarily, Facebook's enthusiasm for acquiring Fitbit may seem strange from the start but in recent years the internet-based life giant has been quietly expanding its equipment portfolio. The organization so far featured Oculus Augmented Reality (VR) headsets and Gateway Lover speakers in its equipment lineup. Similarly, in September this year, three new entry gadgets - Gateway, Entrance Smaller and Entrance Television. Getting Fitbit would mean giving customers a more subtle AR / VR experience.
The Mountain View, California-based organization is, again, as of now Wear Operating Systems, the framework working for smartwatches in its portfolio. The organization not long ago received Fossil's smartwatch innovation for $ 40 million. Acquiring Fitbit seems as if a platform towards bringing each of these components together is finally promoting its very own smartwatch - a gadget that has been in the news for quite some time now. A smartwatch from Google or the Pixel watch, as it is being said, will basically end Google's environment and help it rival Apple, which is the iPhone 11 arrangement cell phone near the latest Propelled Watch Arrangement 5.
Regarding Fitbit's future at Google, the organization stated that it would be straightforward about customer information. "Solid safety and security regulations have been a piece of Fitbit's DNA since the very beginning, and that won't change ... The organization never sells personal data, and Fitbit goodness and health information will not be used for Google ads, "Fitbit wrote in an official statement.
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