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EU puts Google's major transaction on hold

16:01

EU puts Google's major transaction on hold
Source: Pxfuel

The European Commission has initiated antitrust proceedings against Google in connection with the giant's plan to take over Fitbit. It produces devices that track user activity, including for sports purposes. This puts a stop to a deal worth more than $2 billion.

Fitbit produces, among others wristbands measuring user activity.

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