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

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Fossil to sell smartwatch technology worth $40 million to Google, shares riseThe sale will see a portion of its research and development team currently working on the technology moving to Google. "The addition of Fossil Group's technology and team to Google demonstrates our commitment to the wearables industry," Stacey Burr, vice president of product management at Google's Wear OS, a smartwatch platform, said.


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