Australia's consumer watchdog said on Thursday it had concerns that Alphabet Inc-owned Google's planned US$2.1 billion (£1.6 billion) acquisition ...
Australia's consumer watchdog said on Thursday it had concerns that Alphabet Inc-owned Google's planned US$2.1 billion acquisition of fitness tracker company Fitbit may hinder competition in digital advertising and health markets.
The deal would give Google access to consumer health data, which may raise entry barriers for rivals and cement its dominant position, the Australian Competition and Consumer Commission said.The regulator described its concerns as"preliminary" and will announce the outcome of its review on August 13.
"We will explore the uniqueness and potential value that Fitbit's data poses for Google, and its likely competitors in these advertising and health markets."
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