tech2 News StaffNov 27, 2019 12:36:08 IST
Fitness bands and smartwatch maker Fitbit was recently acquired by Google for a sum of $2.1 billion.
But reports are now claiming that there was another fierce bidder who also wanted to acquire Fitbit. That bidder is none other than Facebook.
Neither Facebook nor Fitbit has commented on the matter.
The report states that Fitbit CEO James Park had dinner with the CEO of 'Party A' on 11 June 2019. Now it's safe to say that that person was Facebook CEO, Mark Zuckerberg. Park and his team members had another dinner with Zuckerberg on 2 July to further discuss the possibility of buying out Fitbit according to the filing. Park met with Zuckerberg again in September and Facebook made a final offer of $7.30 per share in October.
Fitbit has had a successful run with its wearables for fitness tracking through the years. Google can take advantage of the tried and tested hardware with its Wear OS platform to build better smartwatches and fitness trackers in the Android ecosystem. The new fitness trackers could incorporate better integration with smartphones using Google’s Fit apps as well.
Google said that it would be investing more in the Wear OS platform to eventually release Made by Google wearable devices.
Google also assured Fitbit users that all the health and wellness data collected from the upcoming devices won’t be used for Google Ads. Users would be given a choice to review their data and decide whether they want to delete it or not.
Welcome to Tech2 Innovate, India’s most definitive youth festival celebrating innovation is being held at GMR Grounds, Aerocity Phase 2, on 14th and 15th February 2020. Come and experience an amalgamation of tech, gadgets, automobiles, music, technology, and pop culture along with the who’s who of the online world. Book your tickets now.