Australia’s competition watchdog may take legal action against Google after the tech giant completed its acquisition of fitness tracking pioneer Fitbit amid the regulator’s investigation of the transaction.
Australian Competition and Consumer Commission chair Rod Sims said Google’s decision to complete the $US2.1 billion ($2.7 billion) deal before the watchdog finished its review meant the ACCC was now conducting an enforcement investigation.
Google’s anticipated use of the vast amounts of personal user health data collected by Fitbit is a key area of regulatory concern for the regulator. Read more…..
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Fitbit released three new wearables, including a smartwatch called Fitbit Sense that tracks everything from basic body temperature to heart rate, sleep and stress levels using a built-in electrodermal activity sensor. Fitbit CEO James Park joins ‘Squawk Alley’ to discuss.