POTENTIAL DEAL DETAILS
|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.
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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