Google Just Spent $40 Million For Fossil's Secret Smartwatch Tech

Google and watchmaker Fossil Group today announced an agreement for the search giant to acquire some of Fossil's smartwatch technology and members of the research and development division responsible for creating it. From a report: The deal is worth roughly $40 million, and under the current terms Fossil will transfer a 'portion' of its R&D team, the portion directly responsible for the intellectual property being sold, over to Google. As a result, Google will now have a dedicated team with hardware experience working internally on its WearOS software platform and potentially on new smartwatch designs as well.

Read more of this story at Slashdot.