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Fossil to buy fitness band maker Misfit for $260 million

2015-11-12 23:47:40| Jewelry - Topix.net

Fossil Group on Thursday said it plans to acquire Misfit, a wearable-tech startup focused on fitness trackers, for $260 million. The deal weds Fossil's fashion and watch-making know-how with Misfit's technology, and underscores the growing importance of wearable products.

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