(Before It's News)
Watchmaker Fossil Group said today it would acquire Misfit, which creates various wearable and sleep trackers in addition to a health-tracking platform, for $260 million. Sonny Vu, CEO of Misfit, will serve as Fossil’s CTO. Misfit makes devices like the Shine, a wearable fitness and sleep tracker that costs $99 that the company says has a 6-month battery life. The company came out with… Read More
Source:
http://techcrunch.com/2015/11/12/fossil-group-buys-health-tracking-wearable-startup-misfit-for-260m/?ncid=rss