Why I Like the Alphabet, Fitbit Deal
Why I Like the Alphabet, Fitbit Deal. When Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) first announced it was acquiring Fitbit (NYSE:FIT), I was excited to look at the deal. But it did not look good to me because of the small spread, only 1.9%, between the offer and Fitbit's share price. I also viewed it as a merger that could attract a lot of negative media attention because of both companies' reputation for data collection. The table below shows part of my dashboard, where I track most merger and acquisition deals that are ongoing, if you look at expected annualized return that's close to 20%. I do agree there's a risk as regulators are scrutinizing this deal, according to Reuters. However, this is clearly reflected in the near 20% spread.