Google Said to Sweeten Fitbit Concessions, Heading for EU Approval

Alphabet unit Google has tweaked its concessions geared toward allaying EU antitrust issues about its $2.1 billion (roughly Rs. 15,400 crores) buy of Fitbit, folks acquainted with the matter mentioned, placing it on track to safe EU approval for the deal.

The world’s hottest Internet search engine final month offered to restrict the usage of Fitbit information for Google advertisements, facilitate rival makers of wearables in search of to join to the Android platform and permit third events’ continued entry to Fitbit customers’ information with their consent.

Google revised the package deal after the European Commission acquired suggestions from rivals and shoppers, the folks mentioned, declining to present particulars. The transfer additionally helps to stave off a attainable EU cost sheet setting out particular issues.

The EU competitors enforcer has to date not sought additional suggestions from the market, indicating that the adjustments have seemingly handed muster with the Commission.

It was earlier reported that EU antitrust regulators have extended their investigation into Fitbit to December 23.

The EU competitors enforcer kicked off a full-scale probe into the deal in August, saying Google’s pledge not to use Fitbit’s information for promoting functions was inadequate to tackle competitors issues.

“The Commission extended the deadline in agreement with the parties,” the EU government mentioned in an e-mail.

Google has mentioned the mixture of its and Fitbit’s {hardware} would enhance competitors within the sector the place gamers embrace Apple, Samsung, Xiaomi, Huawei, and others.

“Our investigation aims to ensure that control by Google over data collected through wearable devices as a result of the transaction does not distort competition,” said European Commission Executive Vice-President Margrethe Vestager, who also is the EU’s competition commissioner.

© Thomson Reuters 2020


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