by Babu Mohan on (#5C04F)
Google says it will continue to engage with the regulator to answer their questions.What you need to knowThe Australian Competition and Consumer Commission has threatened to slap Google with a $400 million fine if it completes the Fitbit acquisition before the regulator completes its investigation.The regulator has rejected Google's offer to enter into a court-enforceable undertaking that would limit the way it would use data from Fitbit devices.While the EU has approved Google's Fitbit acquisition, the U.S. Justice Department is expected to rule on the deal sometime early next year. After a thorough antitrust investigation, the EU finally approved Google's Fitbit acquisition last week. However, the deal could soon face a new roadblock, as the Australian Competition and Consumer Commission has threatened to use legal powers to block the deal if Google takes over the wearable maker before it completes its investigation. In case it fails to block the deal, the regulator woul...