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Google completed the purchase of Fitbit – antitrust authorities approved the deal
Alphabet’s Google company announced on Thursday that it has finally completed its acquisition of Fitbit, which was first announced in November 2021. It turns out that the antimonopoly authorities of various countries approved the deal after thorough checks.
The deal raised concerns from experts and regulators that Google will use user data collected by Fitbit wearables to further strengthen its position in the online advertising market.
Google announced the deal on November 1, 2021, but regulators were slow to approve it. In particular, the European Union opened a full-scale antitrust investigation into this matter, which lasted almost until the end of 2021. To get approval from European antitrust authorities, Google has pledged to maintain the privacy of Fitbit users and not use them for targeted advertising.
“This deal has always been about devices, not data, and we made it clear from the beginning that we would protect the privacy of Fitbit users,” Rick Osterloh, senior vice president of devices and services at Google, said in a statement. – We worked with international regulators to develop an approach that protects consumer privacy expectations, including a set of firm commitments that ensure that health and wellbeing data from Fitbit users will not be used for Google ads and that data will be segregated from other ad data Google “.
The company said it will provide Fitbit users with the ability to connect to third-party services so that they can still use various health monitoring apps on their Fitbit accounts.