Wearable tech firm Basis in buyout talks with Apple and Google

Basis Science has put itself on the market, two sources familiar with the situation said. The company is the maker of the Basis Health Tracker Watch. For the past couple of weeks, the California-based firm has been reportedly shopping itself around. In addition, Basis has entered talks with Google and Apple about the potential sale. Samsung and Microsoft are possibly among the companies that Basis has spoken to, the report detailed.

Basis Science, makers of the Basis Health Tracker Watch, is reportedly up for sale and has been discussing buyout deals with big-name tech companies with Apple, Google, Samsung and Microsoft all mentioned to be interested. According to sources familiar with the matter, Basis has been actively seeking a buyer for its health tracking smartwatch business over the “past few weeks” and has talked with Apple, Google and possibly others about an acquisition, reports TechCrunch. Basis is supposedly shooting for a “sub-hundred million” dollar price target, which narrows down potential buyers to a select few with deep pockets and serious interest in entering the health tracking device market. Barring a buyout, Basis could go for round C funding, the people said. 

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