Slashdot Mirror

← Back to Stories (view on slashdot.org)

Google Just Spent $40 Million For Fossil's Secret Smartwatch Tech (theverge.com)

Posted by msmash on from the big-fish,-small-fish dept.

Google and watchmaker Fossil Group today announced an agreement for the search giant to acquire some of Fossil's smartwatch technology and members of the research and development division responsible for creating it. From a report: The deal is worth roughly $40 million, and under the current terms Fossil will transfer a "portion" of its R&D team, the portion directly responsible for the intellectual property being sold, over to Google. As a result, Google will now have a dedicated team with hardware experience working internally on its WearOS software platform and potentially on new smartwatch designs as well.

5 of 30 comments (clear)

  1. What secret? by Maury+Markowitz · · Score: 3, Insightful

    "Fossil's Secret Smartwatch Tech "

    No, just Fossil's Smartwatch Tech. There's nothing secret about it.

  2. I am afraid Google will "fail" to execute... by bogaboga · · Score: 4, Insightful

    As a result, Google will now have a dedicated team with hardware experience working internally on its WearOS software platform and potentially on new smartwatch designs as well.

    One product that quickly comes to mind is Nest. Google paid quite a sum for it, then killed it.

    If we look closely at its [current] messaging regime, we can only conclude that Google's business with Fossil will not buck the trend.

  3. Alive, is it... by SuperKendall · · Score: 2

    considering they just released the third generation of their thermostat product within the last month.

    Just 'cause the limbs a-twitchin, don't mean it ain't dead friend.

    --
    "There is more worth loving than we have strength to love." - Brian Jay Stanley
  4. Fossil is a company in decline... by Anonymous Coward · · Score: 4, Interesting

    ... I know this from first-hand personal experience, from a high-water mark in the late 00's/early '10s with brand new north-dallas headquarters and google-esque company cafeteria with 4-star chef to oversee the various stations, followed first by the downsizing, the inevitable outsourcing of IT, the shedding of expensive senior professionals and managers, and now here we are - selling off for $40 million this last bit of smart watch tech, which only 5 (?) years ago Kosta Kartsotis was announing to all employees was "the future of Fossil". All of this is just the fire-sale before the collapse.

  5. Transferring People ? by Crashmarik · · Score: 2

    Well so much for the 13th Amendment. Just how much of the 40 million are the people getting ?