Google tells it’s buying HTC’s Pixel phone division for $1.1B

As it stated in Alphabet's Google told it would pay $1.1 bn in cash to acquire the division at Taiwan's HTC which develops the unite states firm's Pixel smartphones, its latest push into hardware manufacturing. Under the deal, Google going to too receive a non-exclusive license for HTC's intellectual property. HTC is a long-time partner of Google and some analysts estimate which Pixel smartphones account for twenty % of HTC's phone shipments. HTC's worldwide phone market share declined to 0.9 % final year from a peak of 8.8 % in 2011, according to IDC. Google's Pixel had less than one % market share since it was released a year ago, with an estimated 2.8 mn shipments, IDC estimates.

What does Google need with HTC's phone business?

But what does Google need with fraction of a phone business? Google isn't buying the whole of HTC, just a relatively big fraction of the Taipei-based company's phone business and not its Vive virtual fact headset business. Google gains half of HTC's study and growth team – about 2,000 people – and a non-exclusive license for HTC's intellectual property, allowing it to take advantage of some of HTC's advances in phone technology. Facebook Twitter Pinterest Google's Pixel smartphone, made with HTC. Google followed up with a revised Chromebook Pixel in 2015, however it wasn't until 2016 which the firm made its own Pixel Android smartphone.

Google lock to buying phone producer HTC's assets: Bloomberg

referring to The Google logo is pictured atop an office building in Irvine, California, unite states August 7, 2017. REUTERS/Mike Blake(Reuters) - Alphabet Inc's (GOOGL.O) Google is lock to acquiring assets of Taiwanese phone producer HTC Corp (2498.TW), Bloomberg reported, citing a man familiar with the matter. The Taiwan stock interchange told on Wednesday which HTC shares going to be halted from Sept. 21 on a Suspended break news announcement. (bit.ly/2fjiJIL) (bloom.bg/2wxDCam)Bloomberg announced final 30 days which the phone producer was told to be probing options which can range from spinning off its virtual fact business to selling itself. Both HTC and Google declined to comment.

collected by :John Smith