Fossil to sell smartwatch technology worth $40 million to Google, shares rise

January 17, 2019 admin Business News Comments Off on Fossil to sell smartwatch technology worth $40 million to Google, shares rise

Fossil Group Inc said on Thursday it would sell its intellectual property related to a smartwatch technology currently under development to Alphabet Inc’s Google for $40 million, sending the watchmaker’s shares up as much as 11 percent.

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Source:: Reuters – Business News