Whoa – Google just bought smartwatch tech from Fossil for $40 million.
The two companies announced that Google has acquired intellectual property (IP) related to Fossil’s smartwatch technology that is “currently under development.” As a part of this transaction, a portion of Fossil’s R&D team working on this tech will join Google.
Of course, we’re assuming this all related to Google’s Wear OS platform and could be a sign that Google will finally build its own smartwatch. After supposedly cancelling a Pixel-branded smartwatch last year, maybe 2019 will finally be the year?
In statements, neither company said anything revealing. Fossil said that they are fabulous partners with Google and will continue to work on wearables, while Google said this acquisition shows their commitment to the wearable industry.
Just give us a Pixel watch.
// Fossil (PDF)
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