We didn't think they'd do it -- and in truth, it still doesn't make a lot of sense to us -- but Intel and Basis announced today that the former company has bought the latter. No price was stated, although TechCrunch put the price at $100 million. Intel, of course, wants very badly to be in the wearables chip market. Basis makes one of the better heart-rate sensor watches, … [Read more...]
Basis Selling Itself to Whomever, says Techcrunch
Monday morning usually brings a spate of M&A news/leaks. Today, Techcrunch reports that Basis -- the heart monitor wristband company -- is either trying to sell itself or raise a Series C round. The acquisition candidates include Apple, Google, Samsung, or maybe Microsoft. The Basis tracker has the reputation for being one of the more accurate products on the market, but … [Read more...]
Report: Microsoft to buy into wearables biz for $200M
Techcrunch is reporting this afternoon that Microsoft is negotiating to buy "the secretive Osterhout Design Group" for about $200 million. Osterhout's a military contractor that does a lot of work on stuff like heads-up displays. The Techcrunch piece has some drawings from Osterhout patents. Very Terminator looking. It's not clear how many people or what … [Read more...]