Fitbit Likely Paid ~$17.8M To Acquire Fitstar

VENTURE BEAT - Mar 31 - Fitbit, long the leader in the fitness wearables space, has reported to the Securities and Exchange Commission its acquisition earlier this month of the fitness app maker FitStar. A Fitbit spokeswoman would not confirm that the $17.8M figure reported in the filing was the exact cost of the acquisition. The $17.8 figure may represent the total equity that changed hands between the two companies, but there may also have been a cash element of the total acquisition price.