Alphabet's Google to buy Fitbit for $2.1 bln

Alphabet Inc's Google will buy wearable device maker Fitbit Inc for $2.1 billion, as the search giant looks to enter the fast-growing market for fitness trackers and smartwatches. Fitbit said on Friday it had been offered $7.35 per share in cash, a premium of about 19% to the stock's closing price on Thursday.

Fitbit shares have gained more than 40% since Reuters exclusively reported on Monday that Google had made an offer for the maker of the popular colorful fitness trackers.