Google To Buy Fitbit and other Digital Transactions News briefs from 11/1/19

Google Inc. agreed to acquire Fitbit Inc., producer of smart watches and the Fitbit Pay contactless-payment service, for approximately $2.1 billion. Fitbit has sold more than 100 million devices in its 12 years in business. Google, whose Google Pay mobile-payment service has been in the market since 2015, is part of Alphabet Inc. The deal is expected to close in 2020.
Square Inc. closed on the sale of its Caviar food-delivery unit to DoorDash Inc. for $410 million in cash and DoorDash stock. The deal was announced in August.
Paidy Inc., a transactional-credit provider based in Japan, announced a funding round totaling $143 million from a group including PayPal Holdings Inc.
On Track Innovations Ltd., a provider of contactless-payment technology for unattended devices, said its shares are now trading on the OTCQX market, part of the OTC Markets Group. They formerly traded on the NASDAQ.

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