Google-parent Alphabet is in talks to buy smartwatch maker Fitbit

Google parent company Alphabet made an offer to acquire Fitbit, Reuters reported Monday. Fitbit's stock was halted after skyrocketing more than 18%.

The stock resumed trading and was up more than 30% late Monday morning.

Reuters did not specify the company's bid for Fitbit.

The deal would make Alphabet a player in the wearable fitness tracking space, competing against the likes of Apple, which recently released a new version of its popular smartwatch. Google licenses its Wear operating system to companies like Fossil, but does not currently make its own smartwatch.

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