This year’s biggest speculation of Google buying HTC has just become official and the deal has been sealed at a billion dollars. But why did Google buy HTC and what will happen to HTC in the future – all these answers are now clearer than before!
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What’s The Deal Here?
Google has just paid close to $1.1 billion to buy HTC’s mobile division, which will now be working at Google making the upcoming pixel and devices even more awesome.
“With this agreement, a team of HTC talent will join Google as part of the hardware organization. These future fellow Googlers are amazing folks we’ve already been working with closely on the Pixel smartphone line and we’re excited to see what we can do together as one team. The deal also includes a non-exclusive license for HTC intellectual property” Rick Osterloh, Senior Vice President, Hardware at Google, wrote in a blog post.
As it was revealed yesterday, HTC will continue its efforts towards Vive and Virtual Reality and Google will have nothing to do with that part of HTC’s business.
While Google has bought a portion of HTC’s talent pool, going forward, HTC will continue to focus more than just on its VR business.
“This agreement also supports HTC’s continued branded smartphone strategy, enabling a more streamlined product portfolio, greater operational efficiency, and financial flexibility. HTC will continue to have best-in-class engineering talent, which is currently working on the next flagship phone, following the successful launch of the HTC U11 earlier this year,” Osterloh added.