Google buys HTC's mobile division for $1.1 billion

Google Acquires The Best Bits Of HTC To Build Its Own Phones

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.

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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.

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.

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