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

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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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* First published on ccn.com

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