Fossil to sell smartwatch technology worth $40 million to Google, shares rise
FILE PHOTO: Fossil hybrid smartwatches are pictured during the preview day of the IFA trade show for consumer electronics and home appliances, in Berlin, Germany August 30, 2018. REUTERS/Christian Mang (Reuters) – Fossil Group Inc said on Thursday it would sell its intellectual property related to a smartwatch technology currently under development to Alphabet Inc’s […]