Google acquired unit from HTC
Google acquired unit from HTC

Google acquired unit from HTC

Google acquired unit from HTC After lengthy negotiations on September 21, a deal was concluded that resulted in Google taking control of HTC’s Pixel brand and acquiring almost half of the R\u0026D division (about 2,000 HTC R\u0026D divisions will go to Google). At the same time, HTC retains control of further development of Vive smartphones and virtual reality helmets. Earlier, on September 20, trading in HTC shares was suspended on the Taiwan Stock Exchange until an important, meaningful announcement. Questions immediately arose about the upcoming sale of HTC, but company representatives declined to comment on this fact, motivating it with the company’s policy not to respond to market and speculative rumors. As a result, the next day, half the HTC R\u0026D production unit was announced to be a search giant. The $ 1.1 billion non-exclusive right to significant HTC intellectual property resulting from the deal would allow Google to develop Pixel-branded products and HTC to continue work on its own smartphones, including flagships. The final completion of the transaction is expected by early 2018. Google acquired unit from HTC

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