Google's acquisition of Fitbit is now complete, according to an announcement made by the company earlier this morning. Claiming that the deal was always about Fitbit's hardware expertise and not customer data, Google says it has smoothed over regulatory concerns with a series of safeguards and commitments. However, we aren't sure if either US or Australian regulators' concerns have actually been addressed given the ongoing state of both investigations.
Google received good news from the European Commission earlier this week, as its acquisition of health tracking wearable company Fitbit was approved conditionally. But just because the $2 billion dollar deal has gained the thumbs-up from one regulatory body doesn't mean it's completely in the clear — Australia has threatened Google with a $400 million fine if the merger moves forward without approval from the Australian Competition and Consumer Commission.
Samsung began calling its flagship Galaxy phones "water-proof" or "water-resistant" with the Galaxy S7 series, which received an IP68 rating, meaning it should be okay to submerge it into up to five feet deep water for a maximum of 30 minutes. That hasn't stopped the company from aggressively marketing its phones as great devices to use at the pool or on the beach ever since, without actually covering any water damage under warranty. The Australian Competition & Consumer Commission (ACCC) disapproves of these "misleading advertisements" and is taking the Korean company to court over them.