https://www.reuters.com/article/us-fossil-smartwatch-google/fossil-to-sell-smartwatch-technology-worth-40-million-to-google-shares-rise-idUSKCN1PB2EG

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.