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Google Buys Smartwatch Tech and Know-How From Fossil

By BenZinga
FinTech, Financial Services, Healthtech

Alphabet Inc. (NASDAQ: GOOG)(NASDAQ: GOOGL)’s Google unit said Thursday it’s buying about $40 million worth of smartwatch technology from watch maker Fossil Group Inc. (NASDAQ: FOSL), which is throwing in the R&D employees who developed it as part of the deal.

What We Know

While neither Google nor Fossil said what, exactly, the new technology is, the head of Google’s Wear OS division, which oversees a version of Google’s Android operating system for smartwatches and other wearables, alluded to wellness.

“Wearables, …

Read the full story at Benzinga.

Photo: Getty iStock

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