Report: Intel buys Basis for $100 million
According to TechCrunch, Intel has won out in the bidding war for Basis Science — makers of the Basis fitness tracker. Intel has reportedly purchased Basis for around $100 million. Google, Apple, Microsoft and Samsung were rumored to have been interested in buying up the company as well.
Intel did show off some wearables during CES this year, but rather than make the Basis device (or other consumer devices) their own, they are looking to offer up chipset platforms.
Intel is playing catch-up to rivals such as Qualcomm, Texas Instruments and STMicroelectronics, which are currently providing the bulk of the sensors for wearables. Intel not only needs to sell brands on buying Intel’s wearable platforms, but provide complete solutions in order to jumpstart adoption. With its robust online suite, Basis provides a solid foundation for that complete package.
Currently Basis only makes one product, but Intel is more likely after the team behind the scenes than the device itself.
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