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Google plans to acquire smartwatch technology from Fossil to the tune of US$40 million

Google plans to acquire smartwatch technology from Fossil to the tune of US$40 million

(Image source: Fossil)

Google and Fossil Group have entered into an settlement the place the former will acquire US$40 million mental property (IP) in relation to a present smartwatch technology, which is underneath improvement by the Fossil Group.

This association might point out Google’s curiosity in difficult the dominance of Apple Watch, with the former launching its personal model of wearables constructed round Fossil’s smartwatch technology. Late final 12 months, Google put down rumors of a slated Pixel Watch; nevertheless, the firm hasn’t been utterly stagnant in the wearables market because it transformed Android Wear to Wear OS. Google’s smartwatch OS up to date options embody:-

  • an improved notification system
  • Google Assistant integration
  • enhanced consumer privateness by limiting app entry to {hardware} sensors
  • new gestures for menu navigation.
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Besides buying IP rights for Fossil’s smartwatch technology, “a portion of Fossil Group’s analysis and improvement (R&D) group at the moment supporting the transferring IP will be part of Google.” The acquisition is predicted to be finalized by the finish of this month.

(Source: Fossil Group, Developers Blog)

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