Google Buys Smartwatch Technology From Fossil
Google is buying intellectual property (IP) related to a smartwatch technology, currently under development by Fossil Group, as well as the research and development (R&D) team responsible for that IP. The $40 million deal was announced by Fossil Group today. Fossil has developed "a technology that has the potential to improve upon our existing platform of smartwatches". Fossil Group retains more than 200 R&D team members to focus on innovation and product development. The transaction is expected to close this month.
Fossil Taps the Snapdragon 3100 Wear for Its New Sport Watch
Nov 8, 2018
Fossil today announced a new Wear OS-based smartwatch that is among the first to ship with Qualcomm's Snapdragon 3100 Wear platform and the latest version of Wear OS. Qualcomm announced the system-on-a-chip, which makes big gains in maximizing battery life, earlier this year.
FitBit Buys Pebble's Intellectual Property
Dec 7, 2016
FitBit today said it has acquired key personnel and intellectual property related to software and firmware development from Pebble. FitBit did not buy Pebble's hardware assets.
Sharp-Foxconn Deal Imperiled by Hidden Liabilities
Feb 26, 2016
Foxconn was on the verge of buying troubled Sharp when the deal met a roadblock at the last minute. Sharp disclosed more than $3.1 billion in liabilities (debt, tax claims, and intellectual property damages) that threw the negotiations into disarray, according to sources cited by the Wall Street Journal.
Andy Rubin's Essential Sued Over Magnetic Connector Tech
Oct 16, 2017
A company called Keyssa has filed an intellectual property lawsuit against Essential, the maker of the PH-1 smartphone, backed by former Google exec Andy Rubin. The lawsuit pertains to magnetic wireless connectors that can pass information and current from one device to another, such as the magnetic module accessory system used on the PH-1.
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