Watchmaker Fossil Group said today it would acquire Misfit, which creates various wearable and sleep trackers in addition to a health-tracking platform, for $260 million. Sonny Vu, CEO of Misfit, will serve as Fossil’s CTO. Misfit makes devices like the Shine, a wearable fitness and sleep tracker that costs $99 that the company says has a 6-month battery life. The company came out with… Read More

Source: Tech Crunch