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Fossil buys wearable device firm for US$260m

It'll use Misfit's know-how across a selection of its 16 brands, marrying fashion with tech
Saturday, November 14, 2015 - 05:50
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WATCH-ING THE FUTURE: Misfit makes a variety of wearable devices, such as fitness and sleep-tracking wristlets and a clip-on smart button that tracks activities. Fossil singled out Misfit's battery-life tech as a particularly appealing component.

New York

FOSSIL has agreed to acquire Misfit, a maker of wearable devices, for US$260 million to shore up its technology as it pushes into smartwatches.

Misfit makes a variety of wearable devices, such as fitness and sleep-tracking wristlets and a clip-on smart button that tracks