Fitbit revenues stumble in Q2, says Google merger may face delay
Published
Fitbit addressed the status of its pending $2.1 billion merger with Google Wednesday, when it released its lackluster second quarter results. Fitbit’s comments follow an announcement Tuesday by the European Commission that it was opening an in-depth investigation into Google’s pending Fitbit transaction. The commission noted it expected to come to a decision by Dec. 9 on whether it would allow the deal to go through, throwing a potential wrench in Google and Fitbit’s plans to close the…
Full Article