Fossil Shares See New Life after Firm Sells Smartwatch Tech to Google

Fossil Shares See New Life after Firm Sells Smartwatch Tech to Google


Watchmaker Fossil Group’s shares spiked today on news it had sold some of its smartwatch technology to Google in a deal worth $40 million. Announced today and expected to close in January, the deal launched Fossil’s share price as high as 10%. By close, though, it had ebbed back to $18.00 for a single-day gain

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Posted by Melanie Kramer on January 17, 2019 @ https://www.ccn.com/fossil-shares-see-new-life-after-firm-sells-smartwatch-tech-to-google/

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