GOOGLE FITBIT DEAL MIXED
Google’s proposed acquisition of health wearables company Fitbit is getting a varied reception from overseas regulators.
The Europe Commission’s antitrust enforcer approved the deal last week after Google said it would not use any data collected from the fitness trackers for targeted advertising for at least 10 years.
However, the Australian Competition and Consumer Commission (ACCC) declined to approve the deal Monday, saying it will continue its investigation and make a final decision by late March.
On the domestic front, Democratic lawmakers in Congress have called on the Justice Department and Federal Trade Commission to conduct a thorough investigation of the potential acquisition.