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Google's plans to acquire Fitbit being monitored by Australian watchdog

( November 19, 2019, 05:23 GMT | Official Statement) -- MLex Summary: Google's plans to acquire smart-watch maker Fitbit are being monitored by Australia's competition watchdog — a step that usually precedes the opening of an informal, public review. In an entry on the website of the Australian Competition & Consumer Commission, the regulator said it was "aware of the announcements regarding the proposed acquisition of Fitbit Inc by Google LLC. The ACCC will commence a public review once the parties provide a submission," the ACCC entry said. The deal was announced earlier this month. No indication has been given about the timing of an Australian review of the merger’s local implications.The ACCC website entry follows: ...

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