Google’s $2.1 billion deal for Fitbit might go down as the only merger to qualify as both pre-pandemic and post-pandemic.
The delay is about data: Google has always said the acquisition is centered on devices, but that alone hasn’t allayed regulator fears over what happens to the information those devices collect.
Were regulators to block the deal, in Europe or the U.S., Google would be required to pay Fitbit $250 million.
The bottom line: This isn’t the world’s largest or most consequential tech merger of the past 12 months, but it is the most fraught.
Voters wait in line at John F. Kennedy Public Library in Hialeah, Florida on Oct. 19. Photo: Eva Marie Uzcategui/AFP via Getty Images
More Floridians cast early ballots for the 2020 election on Monday than in the first day of in-person early voting in 2016, shattering the previous record by over 50,000 votes, Politico reports.
The big picture: Voters have already cast over 31 million ballots in early voting states as of Tuesday, per the U.S. Elections Project database by Michael McDonald, an elections expert at the University of Florida.
The Justice Department will unveil its long-awaited antitrust lawsuit against Google today, according to reports in the Wall Street Journal and other outlets, charging the company with abusing a monopoly position in search and search advertising.
Details: Justice Department lawyers are expected to outline their monopoly case against the search giant in a call with reporters Tuesday morning.
Fitbit, Google, European Union, Alphabet Inc.
World news – US – The long wait for Google’s $2.1 billion Fitbit deal