The takeover of fitness tracker Fitbit Inc by Alphabet Inc’s Google should get close scrutiny from global regulators because it would allow Google to strengthen its already dominant position in digital markets, privacy and consumer groups said.
A coalition of 20 organisations raised their concerns on July 2 in a statement sent to antitrust authorities in seven jurisdictions, including the US and the European Union, which is set to rule on the deal later this month or extend its review.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!