Monday, 23 October 2017

Google Is Buying HTC’s Smartphone Expertise for $1.1 Billion

As part of the agreement, Google will also secure a nonexclusive licensing deal for some of HTC’s intellectual property.

HTC said it will continue to make its own smartphones — including a new premium model — although it plans to streamline its handset portfolio. By acquiring the HTC engineering group that had already been working with the company, Google secured hardware talent without taking on expensive assets, like manufacturing facilities.

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