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.
Rick Osterloh (Google) and Cher Wang (HTC)
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:
I’m delighted that we’ve officially [...]
In what might be one of the most sensational deals in the tech industry, Broadcom is interested in buying Qualcomm. According to a report, Broadcom is currently in talks with advisers on how to best approach the potential bid, which is likely to be made official by the end of 2017. However, it is an iffy situation right now and sources from the company have said that Broadcom might even not go ahead with it if the pieces don’t fall into place.
Qualcomm is the largest maker of modems while Broadcom is the industry leader in terms of WiFi chips. A deal between the two companies would consolidate their stand in the industry and put them in a better position to negotiate [...]
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 [...]
HTC has reported a consolidated revenue of USD 99.69 million for the month of August, the Taiwanese giants’ lowest monthly figures in 13 years. The revenue for the month of August represents a 51.5% decline from the previous month and 54.4% from a year earlier. Also, HTC’s total sales in the first 8 months of 2017 were NT$39.86 billion, representing a 14.4% decline from last year. According to latest reports by The Commercial Times, Google is in the final stages of taking over HTC’s mobile division. This would either result in a complete takeover for HTC’s Mobile division or a partial investment from Google into HTC’s dimming business. According to the [...]
Since last morning tech columns and channels are abuzz with a takeover news. People are particularly elated with the fact that “Facebook” and “takeover” are not being said in the same sentence. Apple’s intention though is under serious questioning and there seems to be very few answers.
Beats headphones have quickly become the most visible brand across multiple medias. Especially the recent music videos have really gotten heavy on the “b” logo. But what does it mean for the company when one of the most creative corporations decides to spend $3.2 Billion on an audio equipment manufacturer [...]
Flipboard, the magazine-style news reading app, is buying competitor Zite from CNN, the companies announced Wednesday.
The Zite app was a part of CNN for three years, since it had acquired the company for nearly $20 million. The terms and money involved in this deal have not yet been disclosed clearly. The move is a sign of ongoing consolidation in the space and comes in the wake of Facebook launching a Flipboard competitor called Paper. Flipboard benefits by cutting one more competitor from the field through the sheer act of buying it.
“We’re going to integrate the [...]
The music streaming app and desktop platform Spotify, which plays tunes for users without the hassle of downloading music, took on Somerville-based The Echo Nest, the company announced on Thursday.
The company says that the acquisition supports Spotify’s strategy to grow global music consumption and overall revenue back to the music industry “by building the best user experience and music discovery engine for millions of global fans.”
For the time being, The Echo Nest will continue to operate as normal, maintaining its offices in Somerville, Massachusetts and San Francisco. Also, the [...]
Google said in a regulatory filing this morning that it had closed its acquisition of Nest on Feb. 7.
Nest has always been on Google’s radar. Google Ventures, the company’s startup investment arm, was one of the Nest’s early investors. Google was previously rumored to be building a Nest thermostat competitor, and there were even leaked screenshots of a smart thermostat app built by Google called “EnergySense,” which would let you control the temperature from a smartphone or Web client.
Google is pretty famous at this point for acquiring vast amounts of [...]
Yahoo’s summer shopping spree has claimed another company. This time it’s former social browser turned Flipboard clone, Rockmelt.
According to Rockmelt, its products will be completely shut down at the end of this month. Current users will be able to export their existing content as an OPML file.
Reports indicate that the Internet giant shelled out between $60 and $70 million (€45 and €52 million) for the company. Rockmelt’s team will head for the Yahoo mobile and media departments.
“The parallels between Yahoo! And Rockmelt are obvious: we share a common goal to help people [...]
Apple, in a bid to improve its infamous mapping system, today acquired popular transportation app HopStop.
Apple confirmed the purchase late Friday afternoon, though did not go into detail about what it intends to do with the company.
The new mapping software Apple debuted in September with the iPhone 5 has been faulted for getting users lost and for its lack of public transportation directions. HopStop shows users in more than 500 cities the fastest way to travel by foot, bike, subway and car; Locationary deploys real-time data from a variety of sources to help users find featured [...]
