Fossil buys Misfit for a much bigger stake in wearables

Fossil buys Misfit for a bigger stake in wearables

After launching an Android smartwatch and a bunch of health wearables, Fossil Group introduced immediately that it is also snapping up Misfit, which is greatest recognized for its svelte Shine health tracker. The deal, which is value round $260 million, provides Fossil entry to an present market of wearable consumers, a staff that is been making an attempt to determine tips on how to design engaging wearables for years and a cloud platform for well being monitoring.

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