Google Buys A Part Of HTC For $1.1 Billion

by September 21, 2017
Google Buys A Part Of HTC For $1.1 Billion

Google Buys A Part Of HTC For $1.1 Billion

 

Google dominated the search engine market. Nobody has managed to beat the American company when it comes to Internet search and other services. However, making consumer hardware isn’t really its strong point. To address this, Google is purchasing a part of HTC’s mobile division for $1.1 Billion.

In past, the company had bought Motorola’s mobile division for $12.5 Billion. With disappointing results, the then sold it off to the Chinese company Lenovo for $2.9 Billion.

According to Google’s Senior Vice President of Hardware, Rick Osterloh, the deal will fuel more product innovation in the years ahead. Under this agreement, a team of around 2000 HTC employees will join Google. HTC knows how to design sleek products, and that’s exactly the expertise Google badly requires to push its hardware efforts. It is said that these people have been already working closely with Google to design and develop Pixel phone. Google will also get the license for HTC intellectual property.

HTC and Google have a history of close ties. The Taiwanese brand is known for unveiling the first ever Android smartphone, the HTC Dream, also known as the T-Mobile G1. The deal is expected to close in early 2018, depending on the regulatory approval.

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