Google has announced the completion of a US$ 1.1 billion deal with HTC. The deal was confirmed in September 2017 but, it has now passed the requisite approvals and is finalised.
The acquisition will see the transfer of over 2,000 engineers from HTC. Along with the transfer, the company will also receive a non-exclusive license for HTC’s intellectual property. HTC is retaining its Vive VR division and confirmed that it will continue making smartphones. Rick Osterloh, Google’s senior VP of hardware, wrote:
Google and HTC announced a cooperative agreement on 21st September worth US$1.1 billion. According to the deal, HTC smartphone division personnel will start working for Google, giving it control over the hardware as well for upcoming Pixel devices. The statement released by both the companies revealed that the HTC U11 won;t be the last Android flagship by HTC, and iGyaan reported that a new flagship will be released in 2018. Now, a new report by GSM Arena from France reveals that HTC is working on HTC U11 Plus and may launch it in China on November 11.
There isn’t much known about the phone yet. The upcoming HTC U11 Plus will have a codename, Ocean Master. The device is [...]
Google and HTC announced a Cooperative Agreement worth US$1.1 billion wherein HTC’s smartphone engineers will work for Google once the transaction is completed. While more details about the deal will be disclosed in the days to come, the press release promptly answered one question everybody had on their minds – Will there be more HTC Android phones? The answer is, yes there will be.
This agreement also supports HTC’s continued branded smartphone strategy, enabling a more streamlined product portfolio, greater operational efficiency and financial flexibility. HTC will continue to have best-in-class engineering talent, which is currently working on the next [...]
After several reports that Google will take over HTC’s mobile division, Google has just announced a deal with HTC. In a statement released by the search engine giant, Google, the majority of the personnel working in HTC mobile division will now work for Google in a deal worth US$1.1 billion. Moreover, Google will, “receive a non-exclusive license for HTC intellectual property (IP).”
In a statement, Google has said
Google and HTC Corporation today announced a definitive agreement under which certain HTC employees – many of whom are already working with Google to develop Pixel smartphones – will join Google. HTC will receive US$1.1 billion in cash from [...]