Technology
Google undertaking for Fitbit buy fails to gain ACCC support – iTnews
Final decision pushed back to the end of March 2021.
Google is yet to convince Australian regulators that its proposed acquisition of Fitbit won’t cause competition or privacy issues, with a draft court-enforceable undertaking it submitted last month knocked back.
The company, which hopes to buy Fitbit for US$2.1 billion (A$2.77 billion), won EU antitrust approval last week, but is yet to have the transaction cleared by authorities in the US and Australia, among other jurisdictions.
It had submitted a “long-term behavioural undertaking” at the end…
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