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Intel backs wearables interest with $100-$150 million Basis acquisition

05
Mar
2014

Intel has acquired wearable device maker Basis in a deal possibly valued at around $100 million, with a source telling TechCrunch that the number may be closer to $150 million. In the past, Google was among the rumored suitors for the company, and Basis was reportedly willing to sell for a price that was less than $100 million. Intel at CES 2014 demoed several wearable devices of its own, without mentioning whether it actually plans to sell them. But the company proved that it’s very interested in what may prove to be the next big thing in mobile: smart wearable devices of all kinds ready to serve the user in many different ways. The Intel concept wearable devices shown at CES 2014 include

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