Home United States USA — IT Google pays $40 million for Fossil’s Wear-OS IP and some R&D members

Google pays $40 million for Fossil’s Wear-OS IP and some R&D members

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Fossil’s Wear OS smartwatch technology will help to improve Google on both the software and hardware part and will make it available for other partners in the
“Fossil’s Wear OS smartwatch technology will help to improve Google on both the software and hardware part and will make it available for other partners in the wearable ecosystem.”
Google has announced that Fossil Group has agreed to sell the company its $40 million worth of smartwatch technology, which is currently under development. The deal includes “a portion” of Fossil Group’s Research and Development team, which will now work for Google, and also the IP (intellectual property) Fossil has developed.

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