In this news, we discuss the Exclusive: Google sweetens Fitbit concessions, heading for EU okay – sources.
BRUSSELS (Reuters) – Alphabet unit GOOGL.O Google has fine-tuned its concessions aimed at allaying EU antitrust concerns over its $ 2.1 billion purchase of Fitbit FIT.N, sources familiar with the matter said. on track to get EU approval for the deal.
Last month, the world’s most popular internet search engine offered to restrict the use of Fitbit data for Google ads, help rival wearable device makers looking to connect to the Android platform, and allow continued access by third parties to Fitbit user data with their consent.
Google revised the package after the European Commission received feedback from competitors and consumers, the people said, declining to provide details. The move also helps avoid a possible EU cost sheet exposing specific concerns.
To date, the EU’s competition enforcement officer has not solicited further comments from the market, indicating that the changes are likely to have been made with the Commission.
Reporting by Foo Yun Chee, editing by Louise Heavens
Original © Thomson Reuters