Technology
Australian regulator delays decision on Google-Fitbit merger – The Associated Press
CANBERRA, Australia (AP) — Australia’s competition regulator on Tuesday delayed for three months its decision on Google’s plan to buy fitness gadget maker Fitbit…
CANBERRA, Australia (AP) Australias competition regulator on Tuesday delayed for three months its decision on Googles plan to buy fitness gadget maker Fitbit for $2.1 billion despite the European Union giving conditional approval to the deal.
Shares of Fitbit Inc. tumbled almost 7% before the opening bell.
The European Union regulators last week approved the deal after Google promised to restrict user data and ensure Android phones work with other wearable devices for at least 10 years.
But the…
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