Google Buys Part Of HTC For $ 1.1 Billion

Google Buys Part Of HTC For $ 1.1 Billion

This may be the acquisition of the year in the world of tech if that goes further. The giant Google has bought some of the activities of the manufacturer HTC for $ 1.1 billion.

This deal includes the (non-exclusive) exploitation of licenses held by HTC. In addition, some of the employees will join Google, probably in order to develop mobile, software and hardware services. This will be the continuation of a collaboration already well under way since the two companies had collaborated on the implementation of the Google Pixel. HTC had supported the manufacture of various Pixel models, as well as the latest version of the Nexus.

However, Google’s plans with HTC do not seem to be confined to smartphones. Indeed, on October 4, the Mountain View firm will present a new generation of products including the Google Home Mini will surely part, as well as a new smartphone, and other new devices.

” That’s why we signed an agreement with HTC, a leader in consumer electronics, which will push more product innovation in the years to come ,” said Rick Osterloh the Senior Vice President of Hardware Google. ” With this agreement, a team of talents from HTC will join Google within the hardware division . “

Unlike the acquisition of Motorola’s telephony part a few years ago, here it is only an agreement between two giants. HTC will receive $ 1.1 billion in cash, while Google will strengthen its partnership with the manufacturer for the development of new innovations.

As long as it is not officially announced as such, we are not facing a partial redemption or redemption.

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