Fossil Buys Misfit

Fossil Group has agreed to acquire Misfit, maker of wearable activity trackers for $260M in a major deal uniting traditional watchmakers with Silicon Valley talent. Fossil Group says it plans to begin incorporating Misfit's technology into products resembling traditional watches as early as next year.

This could be interesting for those of us that like wearables...Fossil do some cool and quirky watches, so their products having "smarts" could be pretty cool.