Under Armour announced late last week that it is selling off MyFitnessPal to investment firm Francisco Partners for $345 million – a fair bit lower than the $475 million it paid for the connected fitness app and platform back in 2015.
The deal is set to officially close in the fourth quarter, and its value is inclusive of potential earn-out payments. The selloff comes roughly three years after...
ICON Health & Fitness, the parent company of consumer connected fitness equipment brands like NordicTrack, Freemotion and iFit, has raised a $200 million growth investment. The company said that the funding was led by L Catterton, with participation from prior backer Pamplona Capital Management.
WHAT IT DOES
Founded in 1977 as an import business, Utah-based ICON first stepped into the home...
Google has released the fitness app for Android devices it announced in June, called Google Fit.
"When it comes to improving our fitness, every little effort counts," Android Director of Product Management Sabrina Ellis said in a blog post. "That’s why we’ve created Google Fit – a fitness app that helps you to start tracking your activity effortlessly and become more active, aware and motivated...
