Report: Google Looking To Acquire Fitbit

Alphabet Inc's GOOGGOOGL Google has made an offer to acquire Fitbit Inc FIT, according to Reuters.

Fitbit supplies fitness trackers and smartwatches. Reuters said there is no certainty the negotiations between Alphabet and Fitbit will lead to a deal, and the exact price Google has offered for Fitbit was undisclosed.

Fitbit's stock spiked higher by 28% to $5.58 per share following the report. Alphabet is scheduled to reported third-quarter earnings after Monday's closing bell.

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Photo courtesy of Fitbit.