Google is buying smartwatch tech from Fossil for $40 million

Google is finally getting serious about Wear OS.

On Thursday, Fossil Group, the company that’s perhaps the most focused on bringing new Wear OS watches to market, is selling $40 million worth of smartwatch-related intellectual property to Google. The IP is related to a smartwatch technology currently under development by Fossil.

As part of the transaction, a portion of Fossil’s R&D team currently overseeing the technology will also join Google. However, Fossil will still retain over 200 R&D members to focus on developing future smartwatch-related technologies and products.

The transaction is expected to wrap up by the end of January.

Developing…

from Android Authority http://bit.ly/2T2l21i