Google buying Fitbit- Future and value of FIT stock?

Google jydgf
Nov 3 6 Comments

What will happen to FIT? Will it get converted to GOOG?

If I heard right, Google bought Fitbit at $7.35 per share; so now will FIT be around 7.35 or will keep fluctuating as normal?

comments

Want to comment? LOG IN or SIGN UP
TOP 6 Comments
  • Fitbit D7aX4b
    Yes, FIT will probably trade at a slight discount to the $7.35 deal price until the deal closes.
    Nov 3 0
  • Amazon / Eng Senõr SDE
    Isn't it a cash deal where Google pays 7.35/share to Fitbit shareholders.
    Nov 3 4
    • Google jydgf
      OP
      Is it? So I should just keep my stock and I will get cash after some time?
      Nov 3
    • Amazon / Eng Senõr SDE
      AFAIK Your broker would handle that, you don't have to do anything.
      Nov 3
    • Google jydgf
      OP
      I use Robinhood. At this time, the rate is 7.1 or something. I have the ability to sell today but ideally i should not do that right? Because I'm some time i will get 7.35 for that.
      Nov 3
    • Fitbit D7aX4b
      Yes. Unless the deal doesn’t go through.
      Nov 4

Salary
Comparison

    Real time salary information from verified employees