According to Reuters, Alphabet has already made an offer to purchase the U.S.-based smartwatch-maker as it tries to enter the crowded wearables space.
Will Meade, former Goldman Sachs analyst, watched the call buying activity on Fitbit Tuesday and arrived at two conclusions.
The analyst said that it would be negligent for companies such as Microsoft, Swatch, Samsung, Fossil, and Amazon to let Alphabet snatch Fitbit without making an offer.
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