According to Reuters, Fitbit (FIT) has been in talks with an investment bank about the possibility of exploring a sale

  • September 23, 2019

POTENTIAL DEAL DETAILS

StockFitbit, Inc.SymbolFIT
Date Announced09/20/2019Source Reuters
TypeNews Report
Date of Confirmation: 11/01/2019Price 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.

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