24
Wed, Apr
36 New Articles

Musat & Asociatii Advises Google on Romanian Aspects of Global Acquisition of Fitbit

Musat & Asociatii Advises Google on Romanian Aspects of Global Acquisition of Fitbit

Romania
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Musat & Asociatii has advised tech giant Google LLC on Romanian aspects of its acquisition of Fitbit.

According to Musat & Asociatii, "founded 13 years ago, Fitbit is currently one of the leading producers of smart health and fitness wearable devices, with more than 29 million active users worldwide and 120 million devices sold in over 100 countries."

The total equity value of the global deal was approximately USD 2.1 billion. The transaction was announced on November 1, 2019 and completed on January 14, 2021, following a 15-month antitrust review process, including by the European Commission. Back in 2019, CEE Legal Matters reported that Sorainen had advised Google on Belarusian aspects of the acquisition.

The Musat & Asociatii team included Partner Monia Dobrescu. 

Romanian Knowledge Partner

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

Firm's website.

Our Latest Issue