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.
Not ready to don a Google Glass headset? An alternative way to access smartphone content could hang around your neck.
A digital device disguised as a necklace or brooch could one day project email, tweets and text alerts onto nearby surfaces, allowing you to open them with hand gestures.
Federal regulators have taken their first major step in accelerating the country's move toward high-capacity, fiber optic phone networks. In a unanimous vote Thursday, the Federal Communications Commission approved a program of trials designed to study the effects of shifting consumers onto next-generation infrastructure that will be able to carry advanced services like HD voice calls and video.
A secretive EU body has agreed to develop a device to be fitted to all cars allowing police to cut off any engine at will, it emerged today.
Leaked paperwork has revealed the 'remote stopping' technology could be activated by a switch in a control room, shutting off the fuel and cutting the ignition.
Blu-ray discs can apparently be used for more than just movies and console games. Facebook has announced it is developing a prototype for a new data storage system that will be able to use 10,000 Blu-ray discs to store up to a petabyte of data, with the possibility of increasing that space to five petabytes.