Fitbit Google Merger Agreement

كتب - آخر تحديث - 20 سبتمبر 2021

To date, the Commission has never blocked a tech/digital merger (it did so in telecommunications, where it intervened in 2016 to block the proposed acquisition of Telefonica UK) by Hutchson, although it has burned its fingers because of Big Tech`s misleading bids – so it has its own reputation, which it should consider beyond obtaining the usual stamp. Under EU merger law, the Commission`s college takes the final decision, requiring that the opinion of the Member States` Advisory Committee be “widely taken into account” (although it is not legally binding). Kazuyuki Furuya, chairman of Japan`s FTC, suggested his agency might investigate Google`s proposed purchase of Fitbit. “If the scale of a merger or business link is significant, we can launch an anti-monopoly investigation into the process of acquiring a startup [like Fitbit],” Furuya told the Outlet. “We are also closely following developments in Europe.” “Google`s business model is prompting the company to continually search for more data about more people in the online and physical worlds. The merger with Fitbit is a clear example of this expansionist approach to data mining, which allows the company to extend its data collection to the healthcare and wearables industry,” he writes. “The scale of the intrusion of Google`s business model into our privacy is an unprecedented invasion of our privacy and has in fact undermined the nature of privacy.” Amnesty International is only the youngest rights watcher to call for the merger to be blocked. . . .