Fossil buys Misfit for a bigger stake in wearables

After launching an Android smartwatch and a bunch of fitness wearables, Fossil Group announced today that it's also snapping up Misfit, which is best known for its svelte Shine fitness tracker. The deal, which is worth around $260 million, gives Fossil access to an existing market of wearable buyers, a team that's been trying to figure out how to design attractive wearables for years and a cloud platform for health tracking.

Source :Engadget