Google Acquires Fossil S Secret Smartwatch Tech For 40 Million
Google has decided to acquire some smartwatch technology from Fossil Group for $40 million. The technology is still under development and will also see a part of Fossil’s R&D team join Google. As per Fossil’s EVP and chief strategy and digital officer Greg McKelvey, the deal will lead to a “new product innovation that’s not yet hit the market.” He also sees the deal as a transaction between the two companies instead of an acquisition by Google....