Enlarge / Wear OS seems nice, but it lacks apps and decent hardware. (credit: Ron Amadeo)
Google and Fossil Group were involved in some kind of acquisition deal yesterday. Despite being a fashion brand, Fossil is probably the biggest remaining seller of Android Wear OS hardware. Brands like Fossil, Michael Kors, Diesel, Emporio Armani, and Misfit are all part of Fossil Group, and all produce Wear OS devices. Fossil sold Google some IP and "a portion of Fossil Group's research and development team currently supporting the transferring IP" for $40 million.
Fossil's stock jumped 8 percent on the news, which was probably "mission accomplished" as far as this announcement was concerned. The press release sent the tech community into a tizzy, though.
"Google cares about Android Wear?" "This will fix everything!" "When is the Pixel Watch coming out?"
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