Google officially closes its $1.1 billion deal with HTC

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Back in September, Google and HTC announced a deal which would bring most of the team dedicated to the Pixel lineup from HTC, which amounted to around 2,000 employees. In exchange, HTC would receive a cash infusion of $1.1 billion giving the company a much-needed boost as it continues to suffer through quarterly losses.

While it’s been about four months since the deal was announced, all of the t’s weren’t crossed just yet, until today. Google announced that the deal has been completed and states that they are “welcoming an incredibly talented team to work on even better and more innovating products in the years to come”.

On the outside, it may seem like HTC is preparing to exit the smartphone business, that seems to not be the case as the company confirmed that it will continue to produce new smartphones. However, HTC is looking more towards the future with the help of Virtual Reality with its Vive branding, despite rumors that HTC was attempting to sell that division entirely.

It will be interesting to see what’s to come in the future from Google now that it has a dedicated hardware team on staff, but hopefully, the Big G will pull the necessary maneuvers to really take on the big boys like Apple and Samsung. Only time will tell, but I’m already excited to see what’s to come later this year for the Pixel 3 lineup.

via Phandroid

January 30, 2018 at 07:12AM