Alphabet Makes Offer to Acquire Wearable Device Maker Fitbit

In my blog note this morning, I discussed my interpretation of the emerging"wearable health ecosystems" (see: The Evolution of"Wearable Health Ecosystems" and Associated Partnerships)." I cited the examples of Apple, Fitbit, and Sony with its newly released, connectivity oriented mSafety wearable (see:Sony Develops Health Wearable Providing Connectivity, Stipulating That It's Not a Smartwatch). I have just learned thatAlphabet, the parent company of Google, has made an offer forFitbit (see:Alphabet makes bid for Fitbit as it eyes wearable market). Below is an excerpt from the article:Google owner Alphabet has made an offer to acquire US wearable device maker Fitbit, as it eyes a slice of the crowded market for fitness trackers and smartwatches....While Google has joined other major technology companies such as Apple and Samsung Electronics in developing smart phones, it has yet to develop any wearable offerings.There is no certainty that the negotiations between Google and Fitbit will lead to any deal....A deal for Fitbit would come as its dominant share of the fitness tracking sector continues to be chipped away by cheaper offerings from companies such as China ’s Huawei Technologies and Xiaomi. Fitbit ’s fitness trackers monitor users’ daily steps, calories burned and distance traveled. They also measure floors climbed, sleep duration and quality, and heart rate.Fitbit, which helped pioneer the wearable devices craze, has been ...
Source: Lab Soft News - Category: Laboratory Medicine Authors: Tags: Diagnostics Health Wearable Healthcare Business Test Kits and Home Testing Source Type: blogs