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Google may have announced its intention to purchase Fitbit last year, but deals between large corporations like this move slowly. Regulators in both the US and EU have expressed concern about the world's largest ad company gaining access to potentially sensitive health data gathered by Fitbit's wearable devices, and Google's reassurances haven't helped. After an initial review by the European Commission, it has decided to press ahead with an in-depth investigation into the merger that is expected to be completed by December 9.
Earlier today, it was tipped that President Donald Trump was considering to sign an executive order forcing portions of TikTok to be sold off to a U.S. company due to national security concerns, but now the president specified his plans to reporters aboard the Air Force One, as the Washington Post reports. "As far as TikTok is concerned, we’re banning them from the United States," he said.
Last week it came to light that SoftBank may be trying to sell chipset design firm ARM, and according to a new report from Bloomberg, Nvidia could be interested. Citing the usual "people with knowledge," Nvidia has apparently approached ARM to court a deal with the Cambridge company.
Google is acquiring smart glasses manufacturer North Inc., reportedly to the tune of $180 million, shoring up its own hardware, wearable, and "ambient computing" efforts with the acquisition. Google saw limited success with its own "Google Glass" smart glasses, though the project lives on. The new purchase could also complement Google's acquisition of Fitbit.
One of the laces left untied in the closure of the Sprint and T-Mobile merger was the condition that the combined carrier would sell prepaid entity Boost Mobile to Dish Network. Now, after a blip of a possibility that the satellite company would back out of negotiations, the two have officially locked into the divestiture deal.
Uber spent 2019 shedding its loss-making businesses and laying off staff on a global scale in a bid to become profitable. The latest to get the ax is the Indian arm of Uber Eats, which has been sold to the local rival Zomato. Uber Eats ceased all of its operations in the Asian market earlier today, following a blog post by Zomato founder Deepinder Goyal.
Online shopping and delivery have made it easier than ever to find and purchase new products, but those benefits haven't fully carried over to physical stores, especially for smaller merchants. In an effort to help out, a company called Pointy has developed some tech that it's been using with Google to let local retailers maintain an up-to-date online catalog of their in-store inventories. Now Google's looking to bring Pointy's assistance to even more stores, as it announces its intention to acquire the firm.
A report from a few days ago suggested that Google's parent company Alphabet was in talks to purchase fitness tracker manufacturer Fitbit, and sure enough, an official announcement has just confirmed that the deal is going ahead at a cost of $2.1 billion. With confidence in Wear OS seemingly at an all-time low, this latest news could signal that Google's wearable ambitions have some life in them yet.
Fitbit has been on a rollercoaster of success and uncertainty since releasing their first step tracker all the way back in 2007, and now the fitness tech icon may be looking for a potential buyer. This comes after Fitbit cut its 2019 revenue forecast after sales of its newest wearables (namely the Versa Lite) were below expectations.