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Google to buy part of HTC's smartphone operations for $1.1 billion

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FILE PHOTO: A HTC "U11" smartphone is displayed in this illustration photo taken August 1, 2017.

TAIPEI - Alphabet Inc’s Google will acquire part of Taiwanese smartphone maker HTC’s smartphone operations for $1.1 billion, the companies said in a joint statement on Thursday.

Under the deal, Google will acquire a team of people who develop Pixel smartphones for the U.S. firm and receive a non-exclusive license for the Taiwanese firm’s intellectual property.

The transaction, which is subject to regulatory approvals, is expected to close by early 2018.

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Muslim Global: Google to buy part of HTC's smartphone operations for $1.1 billion
Google to buy part of HTC's smartphone operations for $1.1 billion
Alphabet Inc’s Google will acquire part of Taiwanese smartphone maker HTC’s smartphone operations for $1.1 billion, the companies said in a joint statement on Thursday. Under the deal, Google will acquire a team of people who develop Pixel smartphones for the U.S. firm and receive a non-exclusive license for the Taiwanese firm’s intellectual property.
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Muslim Global
http://www.muslimglobal.com/2017/09/google-to-buy-part-of-htcs-smartphone.html
http://www.muslimglobal.com/
http://www.muslimglobal.com/
http://www.muslimglobal.com/2017/09/google-to-buy-part-of-htcs-smartphone.html
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