[vatueil]

Close: $260 million. Though it appears Fossil is only selling part of its portfolio (mostly IP plus some R&D) and they very much plan to continue producing smartwatches.

Curiously, it sounds like Misfit's involved in whatever it was that Google's interested in:

https://arstechnica.com/gadgets/2019/01/google-buys-40-milli...

> According to a [report](https://www.wareable.com/fossil/google-fossil-wear-os-smartw...) from Wareable, McKelvey stated the deal will bring about a "new product innovation that's not yet hit the market." This is reportedly based on technology that Fossil acquired from wearable company Misfit when it [bought the startup for $260 million](https://arstechnica.com/gadgets/2015/11/fossil-acquires-misf...) back in 2015.

In the Wareable article, Google Wear VP Stacey Burr says they want to bring this unnamed technology to the wider Wear OS ecosystem.