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18. Januar 2019

Google Fuels ‚Pixel Watch‘ Rumors in $40 Million Deal for Fossil Smartwatch Tech

Google and watchmaker Fossil Group today jointly announced a $40 million deal that will see the search giant take ownership of a portion of Fossil’s smartwatch technology.

Fossil Sport smartwatch The deal, which is being described as „transactional“ and will see some of Fossil’s R&D division join Google, will lead to the launch of a „new product innovation that’s not yet hit the market,“ said Fossil VP and chief strategy officer Greg McKelvey.

Speaking to Wearable, McKelvey said the new product is based on technology that Fossil has been developing out of its $260 million Misfit acquisition in 2015. [...]

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