Home > Google Agrees to Buy HTC’s Smartphone Team for $1.1B

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Google Agrees to Buy HTC’s Smartphone Team for $1.1B

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Google is buying a team of engineers from HTC’s smartphone division… for 1.1 billion dollars. Google isn’t buying a direct stake in HTC. It instead will have licensing rights to HTC’s intellectual property. The billion-dollar deal doesn’t mean the end of HTC’s smartphone business, but analysts predict its days are numbered. With 1.1 billion dollars in hand HTC is expected to concentrate on next generation tech, including developing its VR business. There’s also a high chance HTC will form closer ties with Google in the development of AR and VR applications.

Added on the 21/09/2017 13:31:13 - Copyright : Wochit

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