Deals
Google’s Fitbit Deal Needs Close Scrutiny, Privacy Groups Warn
- Coalition raises concerns with seven global regulators
- Takeover of health tracker seen as ‘test case’ for authorities
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The takeover of fitness tracker Fitbit Inc. by Alphabet Inc.’s Google should get close scrutiny from global regulators because it would allow Google to strengthen its already dominant position in digital markets, privacy and consumer groups said.
A coalition of 20 organizations raised their concerns Thursday in a sent to antitrust authorities in seven jurisdictions, including the U.S. and the European Union, which is set to rule on the deal later this month or extend its review.