Fossil Group Inc said on Thursday it would sell its intellectual property related to a smartwatch technology currently under development to Alphabet Inc's Google for $40 million, sending the watchmaker's shares up as much as 11 percent.
Reuters: Business News, Reuters: Business
Thu, 01/17/2019 - 11:40am
Fossil Group Inc said on Thursday it would sell its intellectual property related to a smartwatch technology currently under development to Alphabet Inc's Google for $40 million, sending the watchmaker's shares up as much as 11 percent.