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Google is paying Fossil $40 million for smartwatch technology

from Dallas Business Journal

Fossil, a longtime partner of Google, is getting $40 million from the California giant for its smartwatch technology. The Richardson-based company said it has entered into an agreement for intellectual property related to a smartwatch technology under development, the company said in a statement. As part of the transaction, some of the research and development team will join Google, which is part of Alphabet. more

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