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Fossil Group buys Misfit for USD 260 mln
2015-11-13 09:01:00| Telecompaper Headlines
(Telecompaper) The Fossil Group has agreed to acquire Misfit, a maker of wearable and smart home products, for USD 260 million, the Wall Street Journal reported. The Fossil Group said it will start integrating Misfit technology into products resembling traditional watches as early as next year. Sonny Vu, the CEO and co-founder of Misfit, will become the president and CTO of connected devices for the Fossil Group when the deal completes, expected before the end of the year.
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Category:Telecommunications