Yesterday, the Taiwanese smartphone maker announced that something big is going to announce and without any delay the company has revealed the news. And puts full stop to all the rumours related to the acquisition news, as the Mountain View company Google has officially signed an agreement under which certain HTC’s employees will now work under the roof of Google.
The search engine giant Google has signed a $1.1 Billion deal with HTC, and under the deal HTC’s Pixel team will head to the Google to work under the Mountain View company. For those unaware, the first-generation Pixel and Pixel XL devices were manufactured by the HTC, even if Google advertised as “Made by Google”. Moreover, second-generation Pixel 2 device is also being manufactured by HTC.
And with this acquisition Google will able to offer better experience in hardware, software and services to its users. Google will also get non-exclusive access to the HTC’s intellectual property as part of the agreement, which will help the Mountain View company to boost its value in hardware market.
Well, this agreement does not mean that the complete HTC company has been sold to Google and it will not exist in the market. According to chief financial officer of HTC, Peter Shen, the company will exist as an independent company and develop their own devices which includes its next flagship device.
And $1.1 Billion cash at its disposal, will hopefully help HTC to produce smartphones and be secured in the future. As the company is struggling to gain profit from sometime.
It Is expected that the deal will be close by early 2018 and is subject to customary closing conditions and regulatory approvals.
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