Google owner Alphabet looking to buy wearable fitness device maker Fitbit

Topics Google Alphabet | Fitbit

Eyeing a slice of the crowded market for fitness trackers and smartwatches, Alphabet Inc, the owner of technology giant Google, had made an offer to acquire US-based wearable device maker Fitbit Inc, people familiar with the matter said on Monday.

While Google has joined other major technology companies like Apple Inc and Samsung Electronics Co Ltd in developing smartphones, it has yet to develop any wearable offerings. There was no certainty that the negotiations between Google and Fitbit will lead to any deal, the sources said,.....

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