Google buys HTC's mobile division for $1.1 billion

Google buys HTC's mobile division for $1.1 billion

It has paid $1.1 billion to take on some of HTC's staff and hardware expertise, including the team assigned to designing Pixel smartphones. It's expected to close by early 2018 provided it gets approved.

Google said that they have a longtime partnership with HTC and created most attractive, high-end devices in the market.

HTC chairwoman and CEO Cher Wang said: "At HTC, we are very proud of our history of innovation and our smartphone value chain and system integration capabilities have supported Google in bolstering the Android market".

"HTC will continue to have best-in-class engineering talent, which is now working on the next flagship phone, following the successful launch of the HTC U11 earlier this year".

"With this agreement, a team of HTC talent will join Google as part of the hardware organization", Google's hardware chief Rick Osterloh said in a blog post. Beyond smartphones, a declining sector for the company, that future is built around virtual reality and keep the smartphone production going on with their own brand name. Conversely, the search giant and Android developer will receive a non-exclusive license for HTC intellectual property.

I refuse to have 'dangerous' Trump on my show — Ellen DeGeneres
The talk show host also said she feels he is risky for her "personally as a gay woman", and for the country and world at large. Donald Trump has a way of clarifying one's life choices".

This team of people-which Reuters calls "HTC's Pixel division" for some reason-comprises about 2,000 people, or about 1/5th of HTC's total workforce. The partnership continued with the Nexus 9 tablet in 2014 and the first Pixel smartphones that were launched previous year.

Google and HTC have nearly a decade-long history of working together.

It's not the first time Google is making an attempt at the phone hardware business. A report was also published a couple of weeks ago about Google buying HTC and the report turned out to be true. This year, the smaller of the two new Pixel smartphones is being manufactured by HTC.

This deal will supposedly help HTC to flawless its next generation of devices as well as to continue its already successful Vive VR headsets - as well as IoT, AR and of course AI.

HTC will continue producing its own phones following the deal with Google. However, Google is acquiring the HTC Corp. with $1.1 billion in cash so it will give the company more breathing room.


  • Dutch jobs to go as Tata Steel and ThyssenKrupp plan merger

    Dutch jobs to go as Tata Steel and ThyssenKrupp plan merger

    Both Tata Steel and ThyssenKrupp will hold equal stakes in the new company, which will have a capacity of 21 million tonnes. Mergers are also a way to lower costs, but this means some job losses, which both companies have said they will share.
    Ryanair scrambles to please pilots, customers and investors

    Ryanair scrambles to please pilots, customers and investors

    Passengers on cancelled flights have complained that notice was far to short and that it was hard to claim compensation. Compensation for passengers forced to re-book could reach 25 million euros ($30 million).
    South Korea not seeking collapse of North Korea

    South Korea not seeking collapse of North Korea

    For the first time since December 2015 assistance from South Korea will go through the UN. The U.N. welcomed the South Korean decision.
  • Yadav snares hat-trick in Australia ODI

    Yadav snares hat-trick in Australia ODI

    Conventional spinners have only one or two variations but wrist spinners have more qualities to deceive the batsmen. Yadav has found a recipe for success against Warner and isn't about to change it. "Steven Smith is also like that".
    Police identifies London Tube bombing suspect

    Police identifies London Tube bombing suspect

    The family of the second suspect, an 18-year-old man, earlier insisted he was innocent and "loves the UK" , according to reports. Deputy Foreign Minister Tzipi Hotovely condemned the attack as well, saying "Israel condemns the #terror attack in London ".
    (NYSE:BBY) Sees Price Decrease - Down $4.34

    (NYSE:BBY) Sees Price Decrease - Down $4.34

    Best Buy has a 52 week low of $37.10 and a 52 week high of $63.32 with a P/E ratio of 13.96 The company's market cap is now $0. In addition to Telsey Advisory reporting its price target, a total of 19 analysts have released a report on Best Buy .
  • Baby dies after MI  mother sacrifices life to give birth

    Baby dies after MI mother sacrifices life to give birth

    Life Lynn DeKlyen died Wednesday at University of Michigan Hospital in Ann Arbor, less than two weeks after her mother's death. Her husband, Nick DeKlyen, has said their decisions were rooted in their Christian faith. "But this is what she wanted".
    Little Big Town, Kacey Musgraves, Midland Announce Tour

    Little Big Town, Kacey Musgraves, Midland Announce Tour

    Musgraves followed with a solo acoustic snippet of her breakout 2013 single "Merry Go Round". Midland and Kacey Musgraves will open for the group on their tour, "The Breakers Tour ".
    Richard Branson: Bad Hurricane Season 'Start of Things to Come'

    Richard Branson: Bad Hurricane Season 'Start of Things to Come'

    In an interview on CNN , he was asked if he saw a correlation between climate change and the recent hurricanes. Branson then took a shot at President Donald Trump regarding the issue of climate change .
  • Ricky Williams arrested in Austin on traffic warrants

    Ricky Williams arrested in Austin on traffic warrants

    Ricky Williams smiled for his mugshot after being arrested in Texas this week following a traffic stop. After Williams was searched, be received an apology from police and was sent on his way.
    West Brom vs. Manchester City (Carabao Cup)

    West Brom vs. Manchester City (Carabao Cup)

    However, the former Reading man managed to hit the post much to the disbelief of the West Brom fans. This will be the sixth time Wolves and Manchester City have played each other in this competition.
    Buffalo Bills vs. Denver Broncos

    Buffalo Bills vs. Denver Broncos

    While the Bears are likely to be embarrassed about that performance and will try to bounce back, they don't have the weapons. This year, under a new coaching staff, they're running it even more (32.5 per game). "They did well; we just played poorly".


Latest news

Tracking Jose: Wind Gusts So Far
An additional 2 to 4 inches of rain will be possible on Nantucket, and 1-2 inches are forecast for Cape Cod and Martha's Vineyard. On Cape Cod, 45 mph to 55 mph wind gusts are expected with winds gusting as high as 60 mph on the island of Nantucket.

MKMVA On Khoza's Resignation From ANC
She says it's too hard to stay in a place where she's ridiculed for acting with a moral conscience. He says that things will change in the ANC and then people will come back.

Is Cabot Oil & Gas Corporation (COG) a good buy?
Cabot Oil & Gas Corporation (NYSE: COG ) has a market cap of $12.13 billion and over the last 12 months, COG has risen by 7.22%. It is negative, as 47 investors sold COG shares while 144 reduced holdings. 71 funds opened positions while 145 raised stakes.

Coatue Management LLC Has $685.70 Million Position in Activision Blizzard, Inc (ATVI)
Shares of Activision Blizzard, Inc (ATVI ) traded down 1.515% during midday trading on Thursday, hitting $64.015. Analyzing the technical facts of Activision Blizzard, Inc . (NASDAQ: ATVI ) to report earnings on November, 2.

Mark Zuckerberg gives Russian Federation info to Congress, promises more transparent ads
Mark Zuckerberg said Thursday that he will give Congress info on political Facebook ads linked to Russian Federation . Facebook has come under intense pressure since the election to curb the flow of false information.

Yum! Brands, Inc. (YUM), Quintiles IMS Holdings, Inc. (Q)
Korea Investment CORP increased its stake in shares of Quintiles Transitional Holdings by 142.5% during the second quarter. It increased, as 39 investors sold Q shares while 93 reduced holdings. 61 funds opened positions while 101 raised stakes.

North Korea threat set to top agenda of United Nations general assembly
North Korea has conducted two more nuclear tests since then, with its most recent and largest taking place early this month. Three new financial initiatives were undertaken by Russian Federation and North Korea since the beginning of the year.

Mercedes to invest $1B in Alabama for electric SUVs
Daimler also plans to build a one million square-foot battery plant next to its Tuscaloosa, Ala. -based factory. Like other automakers, Daimler is preparing for a time when sales of battery-powered vehicles finally take off.

Trump says he has decided on Iranian nuclear deal
A day later Japan's Prime Minister Shinzo Abe told the United Nations that dialogue with the North would not work. He said the US has "significant issues" with the agreement, from a political, not a technical standpoint.

Tax Cuts Are Tax Reform
The people expect Congress and the White house to work together to pass sensible tax reform by the end of the year. Mcarrel/DreamstimeCongress is finally tackling the tax code, which is good news because reform is badly needed.

Scholastic Corporation (SCHL) to Release Earnings on Thursday
After a recent look, shares have been seen -11.30% from the 200-day moving average, and -4.13% from the 50-day moving average. Scholastic typically records a loss in its fiscal first quarter, when most US schools are not in session.

Quake in Mexico causes heartache in Waterloo Region
The cracked tarmac oscillates up and down as if being pushed by the mighty lungs of the earth in Morelos, Mexico . The magnitude of an quake is related to the area of the fault on which it occurs, according to the USGS.

Jio offering Rs 10000 cashback, 70% buyback on iPhone 8, iPhone…
The iPhone 8 and the iPhone 8 Plus offer incremental improvements over the last year's iPhone 7 and iPhone 7 Plus models. Pre-bookings for iPhone X are scheduled to begin from October 27, and the device will be available from November 3.

Calgon Carbon Corporation (CCC) Lowered to "Sell" at Janney Montgomery Scott
Calgon Carbon Corporation is a manufacturer of activated carbon, with capabilities in ultraviolet (UV) light disinfection. Kuraray hopes to combine the companies' products and services to control even more of the activated carbon market.

Core Laboratories NV (NYSE:CLB) Experiences Lighter than Usual Trading Volume
SunTrust upgraded the stock to "Buy" rating in Friday, February 10 report. (NYSE:CR) on Wednesday, March 9 to "Accumulate" rating. The stock of Broadridge Financial Solutions, Inc. (NYSE:CR) earned "Buy" rating by Stifel Nicolaus on Monday, December 5.

Other news