Google’s $2.1 Billion Acquisition of Fitbit Inc.


Cleary Gottlieb represented Google in the transaction.

Google LLC completed its acquisition of Fitbit Inc. for $7.35 per share in cash, representing a total equity value of approximately $2.1 billion.

The transaction signed on October 31, 2019, and was announced on November 1, 2019. The transaction was completed on January 14, 2021, following a fifteen-month antitrust review process.

Fitbit, Inc. (NYSE: FIT) is a company designing products and experiences that track and provide motivation for everyday health and fitness.

Google is a search engine. Core to Google’s business is its ubiquitous Search product; other key products and platforms include Android, Chrome, Gmail, Google Drive, Google Maps, Google Play, and YouTube.

The Cleary M&A team advising Google included partners Aaron Meyers (Picture) and Glenn McGrory, and associates Benjamin Fixsen and Andrew Wood. Partners Robbert Snelders, Leah Brannon, and Elaine Ewing, counsel Paul Stuart, associates Andris Rimsa, Conor Opdebeeck-Wilson, Thorsten Schiffer, Fabio Chiovini, Adam Bruell, Dusan Valent, Huanbing Izzy Xu, Bea Martos Stevenson, Elise Lane, Savannah Haynes, Julia Weber, Kathryn Collar, and Georgina Rawson, and stagiaires Iria Kitsou and Antti Kunnari advised on antitrust and competition matters. Partner Michael Albano and associates Stephanie Edel and Emily Barry advised on employment matters. Counsel Melissa Reid and associate Hannah Whitney advised on UK employee benefits. Counsel Michael Brems, senior attorney Jerome Hartemann, and associates Amelie Wagner, and Marilyn Moreau advised on European employee benefits. Partner Daniel Ilan and associate Michelle Butler advised on intellectual property and U.S. data privacy matters. Counsel Emmanuel Ronco and associate Natalie Farmer advised on European data privacy matters. Partners Jason Factor and Corey Goodman and associate Lorenz Haselberger advised on tax matters. Partners Roger Cooper and Mark McDonald advised on litigation matters.

Involved fees earner: Michael Albano – Cleary Gottlieb Steen & Hamilton; Emily Barry – Cleary Gottlieb Steen & Hamilton; Leah Brannon – Cleary Gottlieb Steen & Hamilton; Michael Brems – Cleary Gottlieb Steen & Hamilton; Adam Bruell – Cleary Gottlieb Steen & Hamilton; Michelle Butler – Cleary Gottlieb Steen & Hamilton; Fabio Chiovini – Cleary Gottlieb Steen & Hamilton; Kathryn Collar – Cleary Gottlieb Steen & Hamilton; Roger Cooper – Cleary Gottlieb Steen & Hamilton; Stephanie Edel – Cleary Gottlieb Steen & Hamilton; Elaine Ewing – Cleary Gottlieb Steen & Hamilton; Jason Factor – Cleary Gottlieb Steen & Hamilton; Natalie Farmer – Cleary Gottlieb Steen & Hamilton; Benjamin Fixsen – Cleary Gottlieb Steen & Hamilton; Corey Goodman – Cleary Gottlieb Steen & Hamilton; Jerome Hartemann – Cleary Gottlieb Steen & Hamilton; Lorenz Haselberger – Cleary Gottlieb Steen & Hamilton; Savannah Haynes – Cleary Gottlieb Steen & Hamilton; Daniel Ilan – Cleary Gottlieb Steen & Hamilton; Elise Lane – Cleary Gottlieb Steen & Hamilton; Beatriz Martos Stevenson – Cleary Gottlieb Steen & Hamilton; Mark McDonald – Cleary Gottlieb Steen & Hamilton; Glenn McGrory – Cleary Gottlieb Steen & Hamilton; Aaron Meyers – Cleary Gottlieb Steen & Hamilton; Marilyn Moreau – Cleary Gottlieb Steen & Hamilton; Conor Opdebeeck-Wilson – Cleary Gottlieb Steen & Hamilton; Georgina Rawson – Cleary Gottlieb Steen & Hamilton; Melissa Reid – Cleary Gottlieb Steen & Hamilton; Andris Rimsa – Cleary Gottlieb Steen & Hamilton; Emmanuel Ronco – Cleary Gottlieb Steen & Hamilton; Robbert Snelders – Cleary Gottlieb Steen & Hamilton; Paul Stuart – Cleary Gottlieb Steen & Hamilton; Dusan Valent – Cleary Gottlieb Steen & Hamilton; Amelie Wagner – Cleary Gottlieb Steen & Hamilton; Julia Weber – Cleary Gottlieb Steen & Hamilton; Hannah Whitney – Cleary Gottlieb Steen & Hamilton; Andrew Wood – Cleary Gottlieb Steen & Hamilton; Huanbing Xu – Cleary Gottlieb Steen & Hamilton; Thorsten Schiffer – Latham & Watkins;

Law Firms: Cleary Gottlieb Steen & Hamilton; Latham & Watkins;

Clients: Google;

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Author: Ambrogio Visconti