Google Plans To Acquire HTC’s Smartphone Business:- As per media reports, Google is reportedly considering to acquire the struggling Taiwanese Smartphone maker HTC’s phone business.
According to a report in a leading news channel, Google is considering two options to seal the deal with HTC that is reportedly building Google’s “Pixel 2” line of smartphones. Google is reportedly planning to “either become a strategic partner, or outright buy the entire smartphone unit”.
However, the HTC’s virtual reality business (HTC Vive) would not be part of the deal. The news led to HTC posting its lowest revenue in over a decade on Thursday.
The HTC, which is now in a bad financial health, was once very popular in the US but has not done well for quite some time even after launching flagship devices. The Google Pixel and Pixel XL devices were also manufactured by HTC. However, Both Google and HTC have declined to comment on the report.
After Google’s $12.5 billion buyout of Motorola in 2012, it would be second such acquisition, if the deal is finalized. The search giant, later sold it off to Lenovo for $2.91 billion in 2014. HTC unveiled its premium flagship smartphone HTC U11 in India at Rs 51,990 in July. The smartphone is touted to have the highest-rated smartphone camera in the world.