Antitrust Regulators Are Eyeing Google's Proposed Fitbit Acquisition [The Motley Fool]
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Antitrust Regulators Are Eyeing Google's Proposed Fitbit Acquisition Critics don't want the search giant to get its hands on all that sensitive user data. It's been a little over a month since Alphabet ( NASDAQ:GOOG ) ( NASDAQ:GOOGL ) subsidiary Google said it would buy Fitbit ( NYSE:FIT ) in a $2.1 billion deal. Regulators in the European Union have already expressed concerns about the acquisition, primarily regarding user data, as Europe has far stronger data protections for consumers following the implementation of the General Data Protection Regulation (GDPR) last year. "In general we have a concern if companies merge because of data," Europe's chief antitrust enforcer, Margrethe Vestager, said last month. Regulators in the U.S. are now eyeing the deal, too. The New York Post and Reuters reported this week that the U.S. Department of Justice antitrust division is scrutinizing the proposed acquisition. The DOJ and the Federal Trade Commission, which is investigating other te
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