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Facebook was rival bidder for Fitbit - CNBC

Nov. 26, 2019 1:30 PM ETMETA, FITBy: Brandy Betz, SA News Editor36 Comments
  • CNBC sources say Facebook (FB -0.2%) was the mysterious Party A bidding against Google for Fitbit (FIT +1.4%).
  • An SEC filing revealed that Party A's participation in the bidding war helped drive the final sale price up to $2.1B.
  • Facebook reportedly sees the sale process as complete and doesn't intend to bid again.

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