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Strategies & Market Trends : Speculating in Takeover Targets
ULBI 7.030+2.5%Oct 31 9:30 AM EST
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To: richardred who wrote (5601)11/1/2019 9:24:10 AM
From: richardred1 Recommendation

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Google to acquire Fitbit, valuing the smartwatch maker at about $2.1 billion
Published 20 min agoUpdated Moments Ago

Lauren Feiner @lauren_feiner







Key Points

  • Google parent company Alphabet will buy Fitbit, according to an announcement Friday.
  • The acquisition pits Alphabet against fellow tech giant Apple in the wearable fitness tracking space.
  • Google is paying $7.35 per share in cash for Fitbit, valuing the company at about $2.1 billion.

cnbc.com
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