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POTENTIAL DEAL DETAILS
| Stock | Fitbit, Inc. | Symbol | FIT |
| Date Announced | 09/20/2019 | Source | Reuters |
| Type | News Report |
| Date of Confirmation: | 11/01/2019 | Price at Confirmation: | $7.14 |
| Potential Profit: | 74.15% | Annualized Profit: | 644.37% |
Wearable device maker Fitbit Inc (FIT) has been in talks with an investment bank about the possibility of exploring a sale amid challenges in successfully pivoting from fitness trackers to smartwatches.
Update(s):
October 28, 2019: Google owner Alphabet Inc (GOOG) has made an offer to acquire U.S. wearable device maker Fitbit Inc (FIT), as it eyes a slice of the crowded market for fitness trackers and smartwatches, people familiar with the matter said on Monday.
Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.