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Google acquired Fossil’s smartwatch tech for $40 million

Fossil is selling $40 million of its smartwatch tech to Google, and as a result, the company’s shares jumped around 8 percent on Thursday. Fossil has been working on various smartwatches that feature Google Wear OS, with is a competitor to Apple Watch. While the two share functionality, Fossil’s smartwatches haven’t really gained traction like Apple’s products have. Still, Fossil has noted that its smartwatch category has been steadily growing, so this is still a major boon for Google. […]

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Written by TechBuzr

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