Google was among the rumoured suitors for the company, and Basis was happy to sell itself for less than $100 million so it seems there had been a bidding war. Intel has said a number of times that it's very interested in what may prove to be a big thing in mobile wearable devices.
The Intel concept wearable devices shown at CES 2014 include a smartwatch that can work on its own, a smart headset with assistant-like features, smart earbuds with biometric features and a smart wireless charting bowl that can charge compatible devices no matter how they're placed in it.
Basis sells ”wristwatch health trackers” of its own and is believed to have seven percent of the market. The Basis wearables currently for sell from $179 to $199. It's not clear when the first Intel-Basis smartwatch will launch or whether the company only wants the Basis team to help it further develop an Intel chip platform specially created to meet the needs of wearable devices.