Business
Google faces $400m fine over Fitbit takeover if it doesn’t wait for competition watchdog’s approval – The Guardian
Australian Competition and Consumer Commission concerned tech giant could harm competitors in wake of deal
Google faces a fine of up to $400m if it takes over Fitbit before the Australian competition regulator completes an investigation into the transaction.
The Australian Competition and Consumer Commission (ACCC) on Tuesday rejected an offer from Google to enter into a court-enforceable undertaking limiting the way it would use data gleaned from the wrist-worn fitness tracking devices.
The watchdogs chair, Rod Sims, said the ACCC would instead continue to investigate the transaction and aimed to make…
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