Confirming rumours that were circulating at the beginning of this month regarding Intel purchasing smartwatch maker Basis Science. Intel has today officially announced that they have indeed now purchased the company.
The price paid for Basis Science is thought to be around 100 million according to the Tech Crunch website, but details of the deal have not been divulged by either party at the current time.
Basis Science explains on their website: “Basis will be an integral part of Intel’s new devices group. So, if you’re a user of our product or partner, it means you will see continued innovation from Basis while still staying true to our mission.
If you are a current customer of Basis, while the Intel deal constitutes a transfer of ownership and control, we continue to abide by our privacy policy, respecting all your data. We will also continue to be your source for customer support, software updates and other aspects of the product.”
For more information on the new Intel acquisition jump over to the Basis Science website for details and confirmation of the purchase.
Source: TechCrunch : Basis Science
Filed Under: Technology News, Top News