U.S. Markets close in 14 mins
  • S&P 500

    4,182.48
    -39.38 (-0.93%)
     
  • Dow 30

    33,409.49
    -413.96 (-1.22%)
     
  • Nasdaq

    14,064.28
    -97.07 (-0.69%)
     
  • Russell 2000

    2,237.26
    -50.20 (-2.19%)
     
  • Crude Oil

    71.67
    +0.63 (+0.89%)
     
  • Gold

    1,770.80
    -4.00 (-0.23%)
     
  • Silver

    25.92
    +0.06 (+0.25%)
     
  • EUR/USD

    1.1875
    -0.0035 (-0.2969%)
     
  • 10-Yr Bond

    1.4500
    -0.0610 (-4.04%)
     
  • Vix

    19.58
    +1.83 (+10.31%)
     
  • GBP/USD

    1.3815
    -0.0109 (-0.7860%)
     
  • USD/JPY

    110.1230
    -0.1080 (-0.0980%)
     
  • BTC-USD

    35,525.49
    -2,303.95 (-6.09%)
     
  • CMC Crypto 200

    878.53
    -61.41 (-6.53%)
     
  • FTSE 100

    7,017.47
    -135.96 (-1.90%)
     
  • Nikkei 225

    28,964.08
    -54.25 (-0.19%)
     

Alphabet's Deal for Fitbit Moves a Step Closer

·2 min read
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Nearly a year after Alphabet made a $7.35 per share offer for Fitbit , it appears as though the deal may go through after all. At times, the stock traded at up to a 19% discount to the offer price as there were doubts the deal would obtain regulatory approval here and abroad. FIT was a lesson in frustration for this value investor, and I closed the position the day the deal was announced last November 1st.