HTC and Google reached $1.1 billion deal without affecting HTC's own brand
[Global Network Technology Reporter Chen Jian] The recent rumors of the uproar over Google’s acquisition of HTC have finally come to an end. On September 21st, HTC officially announced that the HTC members of the original Pixel mobile phone team will join Google, and the relevant assets will be sold to Google. Some of the intellectual property rights will be used exclusively by Google. HTC will receive a transaction worth US$1.1 billion. funds.
After the transaction is completed, HTC still retains the original brand. HTC launched the new flagship HTC U11 in the first half of the year and it was revealed that the next generation of smart phones is under development. HTC said that the agreement strengthens HTC's focus on innovation and the development of its own-brand smart phones.
For Google, this agreement further strengthens the investment and commitment to the smartphone and hardware products business. In addition to attracting talented and experienced professional team talents, Google will also obtain HTC's intellectual property rights to support the development of its Pixel smartphone series.
HTC Chairman and CEO Wang Xuehong said: "This signing of this agreement with Google on behalf of the long-term and stable partnership between the two parties has once again taken a big step towards stability, not only injecting powerful innovation and research and development momentum into Google's hardware business, but also ensuring that HTC is Smart phones and VIVE virtual reality business sustainable innovation."
Rick Osterloh, senior vice president of Google hardware, said: "HTC has always been Google's long-term strategic partner and has designed many of the most beautiful and high-end mobile devices recognized in the market. We are very excited and can't wait to welcome the HTC team to join Google as a global consumer product. Inject more innovative energy and development."
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