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Fossil Group Sells Google Smartwatch IP

  • ZDNet, Sunday, January 20, 2019 2:15 PM
As part of the $40 million deal expected to close this month, a portion of Fossil Group's research and development team currently supporting the transferring IP will join Google.The fashion-focused company -- which includes brands like Michael Kors, Kate Spade New York, Diesel -- could infuse some much-needed life into Google's wearables category at a time when Apple has all but cemented its lead with the Apple Watch, observes ZDNet.

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