Google to buy wearables maker Fitbit for $2.1 bln

The logo for Fitbit appears above a trading post on the floor of the New York Stock Exchange. (Photo: AP)

Google has agreed to buy Fitbit for $2.1 billion in a move giving the US tech giant an entry into the wearable technology space, the two companies announced Friday.

“We have built a trusted brand that supports more than 28 million active users around the globe who rely on our products to live a healthier, more active life,” Fitbit co-founder and chief executive James Park said in a statement by the two firms announcing the deal.

“Google is an ideal partner to advance our mission,” said Park.

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Last Update: 13:21 KSA 16:21 - GMT 13:21
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