Google CFO Expects Fitbit Acquisition to Clear by End of Year

Alphabet Inc. Chief Financial Officer Ruth Porat said the company anticipates its bid for Fitbit Inc. will be completed this year, despite extensive regulatory probes of the deal and a major antitrust case by the U.S. government.

“We do still expect we are going to receive the necessary regulatory approvals to hopefully complete the transaction before the end of this year,” Porat said in an interview with Bloomberg Television. “But the time frame may extend beyond that.”