Google To Buy Part Of HTC For $1.1 Billion
Are you a fan of HTC smartphone?
Well, you may not know that your darling device has been struggling.
But not to worry, it is about to go premium.
US technology giant, Google is about to buy the smartphone maker.
The Taiwan company said on Thursday it would sell its smartphone business to Google for $1.1 billion.
The deal includes intellectual property licensing and half of its research staff, or around 2,000 people, and is expected to be completed in early 2018 pending regulatory approval, HTC said.
"For Google, the deal will further strengthen its investment in and commitment to smartphones and its hardware business... it shows that Google sees Taiwan as a key hub for innovative technology," HTC spokesman Peter Shen told a press conference in Taipei.
He declined to give further details about the deal but stressed that HTC would continue to develop and sell smartphones under its own brand.
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