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Exclusive: Google can ward off EU antitrust probe into Fitbit deal with data pledge – sources

BRUSSELS (Reuters) – Google may be able to stave off a full-scale EU antitrust investigation into its planned $2.1 billion bid for fitness tracker maker Fitbit (FIT.N) by pledging not to use Fitbit’s health data for its ads, people familiar with the matter said.

A man walks past a logo of Google in front of at an office building in Zurich, Switzerland July 1, 2020. REUTERS/Arnd Wiegmann

The deal announced in November last year allows Google, a unit of Alphabet (GOOGL.O), to take on Apple (AAPL.O) and Samsung (005930.KS) in the fitness trackers and smart watches market, where other players include Huawei [HWT.UL] and Xiaomi (1810.HK).

The leader in the global wearables market was Apple with a 29.3 % market share in the first quarter of 2020, followed by Xiaomi, Samsung and Huawei, according to data from market research firm

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Exclusive: Google’s Fitbit deal will face EU antitrust probe if no concessions – sources

A man walks past a logo of Google in front of at an office building in Zurich, Switzerland July 1, 2020. REUTERS/Arnd Wiegmann

BRUSSELS (Reuters) – Google will face a full-scale EU antitrust investigation into its planned $2.1 billion bid for fitness tracker maker Fitbit (FIT.N) unless it offers concessions to address competition concerns, people familiar with the matter said.

The deal allows Google, a unit of Alphabet (GOOGL.O), to take on Apple (AAPL.O) and Samsung (005930.KS) in the fitness trackers and smart watches market, where other players include Huawei and Xiaomi (1810.HK).

Google could allay competition worries by offering a binding pledge to EU competition enforcers along the lines of its promise last year not to use Fitbit’s health and wellness data for Google ads, the people said.

The European Commission, which is scheduled to decide on the deal

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Exclusive: Crypto exchange Coinbase readies landmark stock market listing, sources say

(Reuters) – Coinbase Inc has started plans for a stock market listing that could come as early as this year, making it the first major U.S. cryptocurrency exchange to go public, according to three people familiar with the matter.

FILE PHOTO: Representations of virtual currency Bitcoin are seen in this picture illustration taken taken March 13, 2020. REUTERS/Dado Ruvic/Illustration/File Photo

The listing would need the U.S. Securities and Exchange Commission’s (SEC) blessing. Were the watchdog to greenlight it, it would represent a landmark victory for cryptocurrency advocates vying for mainstream endorsement.

Coinbase could pursue the listing later this year or early next year, the sources said, cautioning that the plans are still subject to change. The company has not yet registered its intention to go public with the SEC, but has been in talks to hire investment banks and law firms, the sources added.

The sources requested anonymity because the

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Exclusive: Crypto exchange Coinbase readies landmark stock market listing – sources

(Reuters) – Coinbase Inc has started plans for a stock market listing that could come as early as this year, making it the first major U.S. cryptocurrency exchange to go public, according to three people familiar with the matter.

FILE PHOTO: Representations of virtual currency Bitcoin are seen in this picture illustration taken taken March 13, 2020. REUTERS/Dado Ruvic/Illustration/File Photo

The listing would need the U.S. Securities and Exchange Commission’s (SEC) blessing. Were the watchdog to greenlight it, it would represent a landmark victory for cryptocurrency advocates vying for mainstream endorsement.

Coinbase could pursue the listing later this year or early next year, the sources said, cautioning that the plans are still subject to change. The company has not yet registered its intention to go public with the SEC, but has been in talks to hire investment banks and law firms, the sources added.

The sources requested anonymity because the

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