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Google Buys Smartwatch Tech and Know-How From Fossil
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
E-Cigarette Industry Has its First Billionaires
Altria Group announced a $12.8 billion investment in Juul Labs Inc., acquiring a minority stake in the popular e-cigarette company and valuing it at $38 billion. The investment by Altria makes Juul's founders Adam Bowen and James Monsees the first e-cigarette billionaires, according to Bloomberg. The Bloomberg Billionaires Index notes that - assuming Altria's transaction dilutes the holdings of current