Under Armour buys apps in bid to be top fitness tracker
San Francisco
UNDER Armour Inc, the maker of athletic clothing and gear, is acquiring the MyFitnessPal and Endomondo applications for a total of about US$560 million in a bid to become the world's biggest tracker of fitness information.
The two apps will complement the company's current software - MapMyFitness and UA Record - giving it a total of 120 million users, according to a statement on Wednesday. The company also reported better-than-projected results for the fourth quarter.
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