London, Aug 4 (AP) European Union regulators say they're opening an in-depth investigation into US tech giant Google's plan to buy fitness tracking device maker Fitbit.
The EU's executive commission on Tuesday said it is concerned that the deal would entrench Google's position in the online ad market by “increasing the already vast amount of data" that the company could use to personalise ads.
EU competition commissioner Margrethe Vestager said the "investigation aims to ensure that control by Google over data collected through wearable devices as a result of the transaction does not distort competition”.
Google agreed to buy Fitbit in November for $2.1 billion. Privacy and consumer groups have called on authorities to block the deal, citing privacy and antitrust concerns. (AP)
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)













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