Musat & Asociatii acts as legal adviser to tech giant Google LLC in its acquisition of Fitbit, one of the leading producers of smart health and fitness wearable devices, with more than 100 million devices sold around the globe.
The transaction was announced on November 1, 2019, and valuates Fitbit at approximately $2.1 billion. It is expected to close in 2020, subject to regulatory approvals and other customary closing conditions.
The Musat & Asociatii team advises Google LLC on the Romanian law matters of the transaction.
“This transaction is highly complex and we are happy to have been part of the team of lawyers who assist Google in this project”, comments Monia Dobrescu, Partner.