Alphabet is said to have approached Fitbit over a deal as it seeks to gain a foothold in the market for fitness trackers.
Shares in Fitbit have surged by 31% after it was reported that Google owner Alphabet had made a takeover offer for the wearable device maker.
It came after Reuters reported that Alphabet had approached Fitbit as it looks to gain a foothold in the crowded market for fitness trackers and smartwatches.
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