Fossil to acquire fitness wearable tracker company Misfit for $260 million

Fossil is making a bigger play in the connected wearable space. The watchmaker, which recently announced its Android Wear-based smartwatch, the Founder, will acquire the fitness wearable tracker company Misfit for $260 million, with the deal expected to close by the end of Fossil’s 2015 fiscal year.

Leave a Reply

Your email address will not be published. Required fields are marked *