Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Truck Series (TRUCK)
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessGoogle’s Fitbit acquisition gets EU approval with 10-year commitments

Google’s Fitbit acquisition gets EU approval with 10-year commitments

Add to Favorite
Added to Favorite

 

 

 

Google has almost completed its acquisition of Fitbit as the European Commission has approved of its takeover of Fitbit.

Google has agreed to several concessions to ease concerns of the EU. Some of these include not to use Fitbit data, including its GPS and health data, of users in the European Economic Area (EEA) for targeted advertisements. The tech giant has to maintain a technical separation between its business and that of Fitbit’s. It has to give EEA users the option to approve or deny the use of Fitness health data on other Google services including Google Maps or its search engine.

The deal also stipulates that Google must maintain commitments related to both Fit Bit’s Web API as well as its own Android API that foster competition. These commitments have to remain in place for 10 years.

“We can approve the proposed acquisition of Fitbit by Google because the commitments will ensure that the market for wearables and the nascent digital health space will remain open and competitive,” sad Margrethe Vestager, the European Commission Executive Vice President  in a statement. “The commitments will determine how Google can use the data collected for ad purposes, how interoperability between competing wearables and Android will be safeguarded and how users can continue to share health and fitness data, if they choose to.

Ruth Porat, the Chief Financial officer of Google parent company Alphabet had said that she was expecting that the company would acquire Fitbit by the end of the year.

Source

Subscribe to get Latest News Updates

Latest News

You may like more
more

Lightspeed POS Inc. Maintains Overweight Rating: A Closer Look at Its Performance

Barclays reaffirmed its overweight rating on Lightspeed Commerce Inc.,...

Qifu Technology, Inc.Gears Up for First-Quarter Earnings Release

Anticipation builds as Qifu Technology, Inc., prepares to unveil its...

Baidu Inc. Reports Mixed First-Quarter Earnings

Baidu Inc.  reported an EPS of $0.2675, missing expectations...