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  • Apple Reportedly Considering Acquisition of Basis Science


    Sources speaking with TechCrunch reveal that Apple is now in talks to acquire Basis Science, the successful maker of the Basis Health Tracker Watch.

    But Apple isn't bidding alone. If it's true that Basic Science is, indeed, entertaining possible buyers, Basis Science may also be listening carefully to the entreaties made by Google. Apple and Google are said to be two of the top companies in their field looking to procure the talents and resources of Basis Science.

    The price we’ve heard for any possible activity is “sub-hundred million,” which could mean a small return for investors like Norwest Venture Partners, Mayfield Fund and Intel Capital, who have poured over $30 million into the company.
    Although it isn't confirmed, we're told Microsoft and Samsung are also interested in the company. But if an acquisition ultimately doesn't pan out, the future for Basis Science is still bright. Sources say, in that event, a "long-sought-after C round of funding" would be the next step.

    Nonetheless, with Apple gearing up for the launch of its first health-centric smartwatch, the purchase of Basis Science may go a long way to make its inaugural effort in this new product category a winner.

    Source: TechCrunch
    This article was originally published in forum thread: Apple Reportedly Considering Acquisition of Basis Science started by Michael Essany View original post
    Comments 2 Comments
    1. edoutmax's Avatar
      edoutmax -
      so this is how Apple innovates now, buy a company that makes a device and slap it's logo on it
    1. willroy's Avatar
      willroy -
      Quote Originally Posted by edoutmax View Post
      so this is how Apple innovates now, buy a company that makes a device and slap it's logo on it
      why build an engine from scratch for your car when someone else already built it?
      innovations is ideas