Fitbit is owned by Alphabet (the United States, NASDAQ: GOOGL), which acquired the brand on 14 January 2021 for $2.1 billion.[1][2] Fitbit was founded in 2007 in San Francisco, California and was independent until 2021.
Fitbit made the step counter a mainstream object, selling clip-on trackers from 2009 and later smartwatches. Google acquired it in 2021 for about $2.1 billion, a deal European regulators cleared only after commitments not to use the health data for advertising.
Alphabet is a publicly listed company headquartered in Mountain View, California, United States, founded in 1998. Brandtree records 13 brands under its control, and it is listed as NASDAQ: GOOGL.
Alphabet was created in 2015 as a holding company above Google, separating the search and advertising business from ventures such as Waymo and Verily. Google itself was founded in 1998 by two Stanford graduate students, and advertising against search results still produces the overwhelming majority of the group's revenue.
Brandtree records a controlling owner for 2,549 brands that began in the United States.
478 of them (19%) are now controlled by a company headquartered in another country; Fitbit is not one of them.
Google acquired Fitbit for about $2.1 billion after a review lasting more than a year. The European Commission cleared it only against binding commitments not to use Fitbit health data for advertising and to keep rival wearables working with Android.
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