Intel Has Basis Science?

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We reported a few days ago that Basis Science had made itself available for sale. It seems there is already a buyer, and that is none other than Intel. TechCrunch is reporting that Basis has gone to Intel for $100-150M. Basis makes wristwatch health trackers and had 7% of the market just recently. The acquisition itself is very interesting. Intel is probably going to use the Basis team and know-how to come up with its own designs.

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Wearable computing is the future, and this acquisition enables Intel to catch up to its rivals. Basis was apparently trying to sell to Google but Intel’s price was better.

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