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Exclusive: Google sweetens Fitbit concessions, heading for EU okay - sources

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10/16/2020 | 01:16pm EDT
FILE PHOTO: Fitbit devices are displayed in a store in New York

BRUSSELS (Reuters) - Alphabet unit Google has tweaked its concessions aimed at allaying EU antitrust concerns about its $2.1 billion purchase of Fitbit, people familiar with the matter said, putting it on course to secure EU approval for the deal.

The world's most popular internet search engine last month offered to restrict the use of Fitbit data for Google ads, facilitate rival makers of wearables seeking to connect to the Android platform and allow third parties' continued access to Fitbit users' data with their consent.

Google revised the package after the European Commission received feedback from rivals and consumers, the people said, declining to provide details. The move also helps to stave off a possible EU charge sheet setting out specific concerns.

The EU competition enforcer has to date not sought further feedback from the market, indicating that the changes have likely passed muster with the Commission.

(Reporting by Foo Yun Chee, editing by Louise Heavens)


Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 2.50% 1568.43 Delayed Quote.14.23%
FITBIT, INC. -0.21% 6.995 Delayed Quote.6.70%
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