Rumors have recently begun circulating that, Google is in negotiations to buy the HTC smartphone division. According to the new information, this information is true.
A company has just confirmed that it plans to acquire a portion of HTC's mobile division team for $ 1,1 billion. “The agreement also includes a non-exclusive license for the intellectual property of HTC".
Second Peter Shen (Chief Financial Officer of HTC), the company will recruit more than 2.000 research and design employees after the deal is concluded.
A HTC will continue on with its own smartphone business, even after sending a good deal of its talent and operations to Google. The CEO of HTC, Cher Wang, said this agreement “will ensure continued innovation in HTC smartphones and in the virtual reality business.
It is important to point out that this is the second time that Google makes a big purchase involving a manufacturer of smartphones. Six years ago, Google announced a purchase of the Motorola Mobility for 12,5 billion USD.
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