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Fossil to sell smartwatch IP to Google for $40 million

https://www.techrepublic.com/article/fossil-to-sell-smartwatch-ip-to-google-for-40-million/
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Jan 18, 2019 8:21 AM 3+ mon ago

Fossil to sell smartwatch IP to Google for $40 million

As Apple holds firmly onto its lead in the wearables category, Google seeks to refresh its flagging Wear OS with help from Fossil's IP and its R&D team.

CES 2017: Fossil launches new hybrid smartwatch with discreet notifications for professionals Fossil has taken a different approach to smartwatches that maintains the traditional style and functionality of a watch, but layers subtle notifications onto the watch face.

Fossil Group on Thursday said it plans to sell Google its smartwatch IP for $40 million. As part of the deal, expected to close this month, a portion of Fossil Group's research and development team currently supporting the transferring IP will join Google.

The fashion-focused company -- which includes brands like Michael Kors, Kate Spade New York, Diesel -- could infuse some much-needed life into Google's wearables category at a time when Apple has all ...

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Google will buy Fossil smartwatch tech for $40 million It's committing to wearables in a big way. ...

Google paid $40 million for mystery Fossil smartwatch tech

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techradar.com     3+ mon ago

If we needed further proof that Google remains committed to wearables, here it is: the tech giant just paid Fossil Group $40 million (about -L-31m, AU$55m) for unspecified smartwat...

Fossil to sell smartwatch technology worth $40 mln to Google, shares rise

reuters.com     3+ mon ago

(Reuters) - Fossil Group Inc said on Thursday it would sell its intellectual property related to a smartwatch technology currently under development to Alphabet Inc's Google for $40 million, sending t...

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Some members of a Fossil R&D team are also joining Google as part of the deal. Design company Fossil said Thursday some members of the research and development team supporting tha...

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Google acquires Fossil smartwatch tech for $40 mn January 18, 2019 Credit: CC0 Public Domain ...

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