Googles parent company Alphabet Inc.
has reportedly made a formal offer to buy Fitbit, sources told Reuters.But, the existence of an offer doesnt suggest an acquisition is imminent: There is no certainty that the negotiations between Google and Fitbit will lead to any deal, according to the Reuters report.Given how long weve waited for Google to release its own heavily-rumored Pixel Watch, its not a surprise that the company is also interested in the fitness hardware market.
After years developing WearOS, its no stranger to wearables software, either though given Fitbits reliance on its own proprietary OS, it would be up to speculation whether a Google-owned Fitbit would switch over.The acquisition would also follow the tech giants experience with phones after it contracted HTC to help build its Pixel line of phones and then in early 2018, bought HTCs Pixel ateam for $1.1 billion to transition everything in-house.
Google isnt afraid to spend serious money to buy the right hardware expertise.This is the first were hearing of a deal, and theres no indication how far its progressed or how likely it will be to go through, but well follow up on the story when more news emerges.Via Yahoo News