Washington: As Apple and Google are eyeing to join the market with their respective smartwatches, Intel step up as the hurdle.
Intel was rumored to be shopping itself around and word recently emerged that Apple, Google and others were all interested in buying it, but now we’re hearing that Intel made the winning bid.
According to TechCrunch, the deal was done for $100 million, while another said the sum was closer to $150 million.
Google was rumored to be in talks for a sub-$100 million buyout, so it sounds as though Intel came in and made Basis an offer it couldn’t refuse.
It’s no surprise that Basis would have a few suitors. Its Health Tracker Watch is packed with health-monitoring functions such as heart rate and motion sensors, sleep tracking and temperature reading.
Apple is rumored to be making 2014 all about fitness, with whispers of the iWatch and iOS 8 having a lot of focus on health.
Less is known about the possible Google watch, but if Mountain View is up to something, you can bet it will have some sort of health element.
Intel recently told TechRadar that it has a lot of interest in wearable tech and its role in the Internet of Things. It also showed off a number of wearable devices at CES 2014.