Tuesday , December 10, 2019

Google To Buy Fitbit and other Digital Transactions News briefs from 11/1/19

  • Google Inc. agreed to acquire Fitbit Inc., producer of smart watches and the Fitbit Pay contactless-payment service, for approximately $2.1 billion. Fitbit has sold more than 100 million devices in its 12 years in business. Google, whose Google Pay mobile-payment service has been in the market since 2015, is part of Alphabet Inc. The deal is expected to close in 2020.
  • Square Inc. closed on the sale of its Caviar food-delivery unit to DoorDash Inc. for $410 million in cash and DoorDash stock. The deal was announced in August.
  • Paidy Inc., a transactional-credit provider based in Japan, announced a funding round totaling $143 million from a group including PayPal Holdings Inc.
  • On Track Innovations Ltd., a provider of contactless-payment technology for unattended devices, said its shares are now trading on the OTCQX market, part of the OTC Markets Group. They formerly traded on the NASDAQ.

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