Wearable devices maker Misfit acquired by watchmaker Fossil for $260 million
Fossil, the ultra-popular watchmaker, has announced that it has acquired Misfit for $260 million. Misfit is a popular wearable devices manufacturer that competes with the likes of Fitbit and Jawbone. The company entered the Indian market a few months ago by launching its products exclusively on Snapdeal. Fossil says that this acquisition will help them in offering consumers fashionable connected accessories and smartwatches. The company expects the acquisition to close... Read More
