Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) subsidiary Google just closed the $2.1 billion buyout of wearable devices specialist Fitbit. The online services giant said that the deal will support Google's commitment to health and fitness while giving Fitbit's hardware access to Google's cloud-computing and artificial-intelligence tools. The Fitbit buyout started going through the regulatory approval process way back in November 2019.
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