Google Paid $40M for Fossil’s ‘Secret’ Tech to Rival the Apple Watch

Credit: Hollis Johnson / Business Insider Google Wear Os Fossil Referring to it as a “new product innovation that’s not yet hit the market,” top executives at Google and The Fossil Group announced that the Android OS-maker will cut a huge check to acquire intellectual property covering the premium watch-maker’s “secret,” “currently under development” smartwatch tech. The deal, which is reportedly worth a whopping $40 million , according to Wareable, will see a yet-to-be-determined number of Fossil’s R&D team […]

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