European Consumer Group Bashes Google-Fitbit Deal
It's been over six months since Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) proposed its $2.1 billion acquisition of wearables maker Fitbit (NYSE: FIT). The deal has attracted criticism and underscored ongoing antitrust scrutiny of large powerful tech companies. Earlier this year, the European Data Protection Board (EDPB) argued that the acquisition would represent "a high level of risk" to consumer data.
Another group is now warning of adverse consequences if the deal is allowed to go through.
Image source: Fitbit.
Source Fool.com