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Sorainen Belarus Provides Local Assistance to Google on Acquisition of Fitbit

Sorainen Belarus Provides Local Assistance to Google on Acquisition of Fitbit

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Sorainen has advised Google on Belarusian aspects of its acquisition of San Francisco-based wearables brand Fitbit.

The acquisition, at USD 7.35 per share, puts Fitbit’s total equity value at USD 2.1 billion. The transaction is expected to close in 2020.

According to Sorainen, "Fitbit delivers devices and services that help people lead more active lives by empowering them with data, inspiration and guidance to reach their goals. Due to an immersive experience from the wrist to the app, designed to help users understand and change their behavior to improve their health, Fitbit has sold more than 100 million devices and supports an engaged global community of millions of active users."

The Sorainen Minsk team included Partner Maksim Salahub, Senior Associate Viktoryia Mikhnevich, Associate Tatsiana Zubarava and Legal Assistant Anton Zakharau.

Sorainen did not reply to our inquiry on the matter.