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Google to tap Fossil tech for Pixel Watch to fight Apple Watch

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Search engine giant Google buys Fossil’s new smartwatch patents and part of R&D team for $40 million deal. With the announcement, the company has set the Google Watch development in motion to take on Apple Watch.
Search engine giant Google has officially bought undisclosed Intellectual Property (IP) related to smartwatch technology from Fossil Group Inc.
The deal between Google and Fossil is said to be $40 million. As part of the transaction, a portion of latter’s Research and Development (R&D) team currently supporting the aforementioned transferring IP will be shifting base to the Mountain View campus.
However, Fossil also confirms that it is retaining more than 200 R&D team members to focus on innovation and future product development.
Fossil has been a long partner of Google offering top-end smartwatches with the Wear OS (previously Android Wear) in several global markets and now, with the new arrangement, speculations are rife that the long-rumoured Pixel Watch may finally breaks covers and eventually offer a good fight to the ever growing Apple Watch’s reach in the world.

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