#Google acquisition

Raxium, a MicroLED Startup, is being acquired by Google to enter the augmented reality space. Despite its failure to pop-off with Google Glass, Google makes efforts twowards AR. There is very little news about the deal but Google has put out a value of USD 1 billion on Raxium according to The Information. Google has recently confirmed the completion of its acquisition of fitness band and smartwatch brand Fitbit. Rick Osterloh, Google's Senior Vice President for Devices & Services, confirmed it through the Google blog. He clarifies that the acquisition will make Google work closely to create new devices and services that will help consumers "enhance their knowledge, success, health, and happiness."  Google also ensures consumers that it will protect Fitbit's privacy, including its health information and data. Google also shared that it has been working with global regulators to safeguard consumers' privacy and confirm that Fitbit users’ health and wellness data won't be used for Google ads. The data will also be separated from other Google ads data. Read more in our articles including "Raxium acquired by Google for AR, MR tech" and "Google completes acquisition of Fitbit".