Google’s Fitbit Deal Headed for EU Approval Despite Protests
- EU hasn’t sent out a so-called statement of objections
- Deal’s critics warned about Google’s move into health data
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Google’s $2.1 billion takeover of fitness-monitor maker Fitbit Inc. looks on track for European Union approval despite protests from consumer groups and rivals about the search giant’s move into health data and devices.
The EU hasn’t sent Alphabet Inc., Google’s parent company, a so-called statement of objections listing potential reasons to block the deal, according to people familiar with the matter who asked not to be identified because the review is confidential. The company won a five-day extension in the probe on Friday, which gives it more time to work with officials on improving the concessions, two of the people said.