Fitbit has announced an agreement with Google to acquire Fitbit, the US sports wearable company, for nearly $ 2.1 billion.

Google will pay $ 7.35 per share, and the deal is expected to close next year with the approval of shareholders and government officials, the statement said.

Shares of Fitbit jumped almost 16 percent after the deal was announced, while Alpha Holding, the holding company of Google, rose 0.8 percent.

If the deal is successful, Google will be able to compete with Apple strongly in this booming field, which is linked to smart wearable sports devices.

The acquisition of Fitbit will be the largest acquisition of Google in the world of consumer electronic products since 2014, specifically after the acquisition of the company, "Nest" smart home products, which amounted to $ 3.2 billion.

Source Sky News

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