Enlarge (credit: Valentina Palladino) Wearables have brought Google and the fashion-focused Fossil Group closer together. Today, Fossil announced it will sell intellectual property related to smartwatch technology to Google in a deal worth $40 million. Upon news of the deal, Fossil Group shares jumped about 8 percent today. Along with the IP, a section of Fossil's research and development team focused on wearables will join Google.