Question: What Happens To Fitbit Stock If Google Buys It?

What happens to my shares in a takeover?

“If it is ‘stock-for-stock’, the acquiring company will offer new shares in the combined company to replace your existing shareholding, and you can become a shareholder in the combined business,” says O’Connor.

Alternatively, the bidding company can offer a mixture of cash and stock..

Will fitbit shareholders get Google stock?

(Photo courtesy Fitbit.) Fitbit’s stock price (NYSE: FIT) nearly doubled in the weeks and days leading up to the Nov. 1, 2019, announcement that the company was to be acquired by Google.

What is Google doing with Fitbit?

Antitrust regulators and consumer advocacy groups are increasing their scrutiny of Google’s planned acquisition of fitness tracker firm Fitbit. Google announced it was buying Fitbit last year for $2.1 billion and said it hoped to complete the deal some time in 2020.

What happens to stock price during merger?

When one company acquires another, the stock price of the acquiring company tends to dip temporarily, while the stock price of the target company tends to spike. The acquiring company’s share price drops because it often pays a premium for the target company, or incurs debt to finance the acquisition.

What happens to Sprint stock after merger?

Sprint’s stock surged 6% and moved back into double digit territory after T-Mobile (TMUS) announced late Thursday that the two companies had tweaked the terms of their merger deal. T-Mobile shareholders will now get about 11 shares of Sprint (S) each in exchange for one share of T-Mobile.

What happens to SPAC stock after merger?

The cash raised in a SPAC IPO goes into a trust, where it earns interest until the merger is completed. At that time, shareholders can redeem their stock for a proportionate share of the cash in the SPAC’s trust. … For example, at a recent $9.99 per share, GreenVision Acquisition Corp.

Did Google buy fossil?

Google in January announced its purchase of secret smartwatch tech from Fossil.

Will fitbit stock go up in 2020?

Fitbit, Inc. quote is equal to 7.040 USD at 2020-10-30. Based on our forecasts, a long-term increase is expected, the “FIT” stock price prognosis for 2025-10-22 is 11.318 USD. With a 5-year investment, the revenue is expected to be around +60.77%.

Why is fitbit stock so low?

Fitbit Inc. shares are plunging in Thursday trading after the wearables pioneer slashed its third-quarter and full-year forecasts, reflecting a disappointing showing for the lower-priced Versa Lite smartwatch, which launched earlier in the year.

Did Google bought Fitbit?

Google has just announced that it’s buying wearable company Fitbit for $2.1 billion. In a blog post announcing the news, Google SVP of devices and services Rick Osterloh said that the Fitbit purchase is “an opportunity to invest even more in Wear OS as well as introduce Made by Google wearable devices into the market.”

Why did Google buy Fitbit?

Google says it is acquiring Fitbit to bring together “the best AI, software and hardware” in order to “spur innovation in wearables and build products to benefit even more people around the world.” It complements Google’s vision for “ambient computing,” as my WIRED colleague Louise Matsakis points out; gives it more …

Is fitbit owned by Apple?

Now Apple will have real competition. Google bought FitBit for $2.1 billion today, and if Google gets this right, the company’s Wear OS will finally become a worthy contender in the fitness, health, and wearable tech categories.