Google finalizes $1.1B acquisition deal with HTC
Back in September Google and HTC announced a $1.1 billion deal. The phone manufacturer is receiving the money in exchange for some of its employees and access to its intellectual property. The agreement was approved by the Taiwanese Investment Commission in December, and today Google officially welcomed the new members of its team.
The deal includes about 2000 engineers who were already working on the Google Pixel 2 smartphone and its upcoming successors. They will remain based in Taiwan and Taipei will become the largest Google engineering site in the Asia-Pacific region.
Rick Osterloh, Hardware Senior VP at Google, commented that the hardware business is entering its third year and the company will keep building and investing for the long run. The company will create “radically helpful experiences for people around the world” with the new teammates, by combining Google’s AI, software and hardware.
Reader comments
- Sturgeon
- IW@
Htc will be more succesful and sells more phone just like motorola with their hotcakes phone
- AnonD-731363
- SH3
Well maybe but under Lenovo a 2 new motomods are created every year. I hope and i believe that they will come with something new we have just to patiently wait. I have my Moto X4 and X5 appart from CPU and GPU improvement slightly better camera...
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