Google’s parent company Alphabet has made a bid for Fitbit, Reuters reported, but it is unclear how much the search giant offered for it.
The companies are currently in negotiations, and Reuters reported that there is no guarantee a deal will be made.
Fitbit’s stock leaped 18% before trading was halted, a measure reserved for instances in which demand is so high investors need time to catch up. Now, the stock is up more than 27% after trading resumed.Key background : While Alphabet’s competitors in the smartphone market—namely Apple— have made sizable investments in fitness tracking, Google doesn’t have a flagship wearable product yet. The company spent $40 million on Fossil’s smartwatch R&D in January, making it the first time an internal Google team was working exclusively on hardware to go with its smartwatch operating system, WearOS.
Apple’s investment in wearables has paid off and has far outpaced Fossil and other smartwatch products. Apple Watch is the most popular smartwatch in the world, with more than 51% of global market share,
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Google Doodle Celebrates Poet Sylvia Plath On Her 87th BirthdayWith pen and paper in hand looking up at a wintery night sky, the latest Google Doodle celebrates poet Sylvia Plath.
Read more »
AMAs vote - Google-Suche
Read more »
Google results to share stage with U.S. antitrust probeBeyond fresh insights into Alphabet Inc's quarterly earnings on Monday, fin...
Read more »
Apple hiring smart home team to take on Amazon, Google: Report - Business InsiderAmazon and Google dominate Apple in the home, and Apple is reportedly redoubling its efforts to take them on
Read more »
‘The Two Popes’: The Google Search That Became An Awards-Season Film – The ContendersWhile another Netflix release, The Irishman, has been dominating the awards conversation, Fernando Meirelles’ The Two Popes — another story drawn from real life — has enjoyed a healthy life on the …
Read more »