{"id":294110,"date":"2019-01-18T07:09:56","date_gmt":"2019-01-18T05:09:56","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=294110"},"modified":"2019-01-18T07:09:56","modified_gmt":"2019-01-18T05:09:56","slug":"google-buys-smartwatch-tech-from-fossil-to-fight-apple","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/technology\/294110\/google-buys-smartwatch-tech-from-fossil-to-fight-apple\/","title":{"rendered":"Google buys smartwatch tech from Fossil to Fight Apple"},"content":{"rendered":"<div class=\"article-content\">\n<p>Google agreed to acquire smartwatch technology and personnel from Fossil Group Inc in a bid to boost the search giant\u2019s nascent efforts in the category.<\/p>\n<p>The Alphabet Inc unit will pay $40 million for Fossil intellectual property, according to a statement from the companies. Additionally, an unspecified number of Fossil\u2019s research and development employees will join Google. Fossil said that 200 people will remain with that division.<\/p>\n<p>Fossil shares jumped as much as 11 percent to $19.32 on Thursday. Alphabet stock was little changed at $1,089.58.<\/p>\n<p>For several years, Google has provided free software, called Wear OS, that other companies can use to make their own internet-connected watches. But sales of those devices have lagged well behind the Apple Inc.\u2019s Watch. Google does not sell its own smartwatch, but it has a growing hardware division making Pixel smartphones and other devices.<\/p>\n<p>A Fossil spokeswoman said the intellectual property is related to technology that isn\u2019t currently in the market. A Google spokeswoman declined to provide further information.<\/p>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/technology\/268621\/these-are-the-most-popular-smartwatches-in-the-world-right-now\/\" target=\"_blank\" rel=\"noopener\">These are the most popular smartwatches in the world right now<\/a><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Google agreed to acquire smartwatch technology and personnel from Fossil Group Inc in a bid to boost the search giant\u2019s nascent efforts in the category.<\/p>\n","protected":false},"author":59,"featured_media":219989,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9878],"tags":[13612,53,26],"class_list":["post-294110","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-fossil-group","tag-google","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/294110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=294110"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/294110\/revisions"}],"predecessor-version":[{"id":294112,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/294110\/revisions\/294112"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/219989"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=294110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=294110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=294110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}