(FOX NEWS) — Google’s parent company Alphabet is buying Fitbit for 2.1 billion dollars.
The deal will put the tech giant on par with Apple in the wearable technology space.
Upon rumors of a potential buyout Monday, Fitbit’s stocks soared almost 30 percent then stocks surged another 17 percent at the opening bell Friday.
Alphabet says it will pay $7.35 per share for the company.
Fitbit has 28 million active users worldwide and sold more than 100 million devices.