Intel backs wearables interest with $100-$150 million Basis acquisition

[Chris Smith]

Intel has acquired wearable device maker Basis in a deal possibly valued at around $100 million, with a source telling TechCrunch that the number may be closer to $150 million. In the past, Google was among the rumored suitors for the company, and Basis was reportedly willing to sell for a price that was less than $100 million.

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Via BRG - Boy Genius Report