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Synopsis
Google, the search engine giant, completed the acquisition Fitbit, a manufacturer of fitness tracking devices, for $2.1bn in cash. "Together, we can make health and wellness more accessible to more people. We’re confident the combination of Fitbit’s leading technology, product expertise and health and wellness innovation with the best of Google’s AI, software and hardware will drive more competition in wearables and make the next generation of devices better and more affordable," Rick Osterloh, Google Senior Vice President.
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