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HTC stock suspension adds fuel to Google acquisition rumors

HTC stock suspension adds fuel to Google acquisition rumors


HTC is to droop buying and selling of its stock on the TWSE tomorrow, forward of what it says might be the discharge of “material information” pertaining to its enterprise. The information was reported earlier by the FT

The transfer has spiked hypothesis a couple of potential sale of HTC’s cell division, with the Taiwanese machine maker struggling for years to strive to flip round its fortunes within the fiercely aggressive smartphone market.

In latest years loss-making quarters have turn into the norm for HTC, which posted its first ever loss making quarter in Q3 2013. And regardless of administration modifications, portfolio trimming and even pushing into a brand new product class (VR, by way of a partnership with video games writer Valve) it has been unable to pull its enterprise out of an extended slide.

Media reviews in Asia have lately linked Google’s father or mother firm Alphabet with a potential acquisition of HTC’s cell enterprise. And a note on HTC’s investor web site references hypothesis within the China Times that “HTC might announce the sale to Google” — happening to specify its “countermeasure” to this report is to state: “HTC does not comment on market rumor or speculation”.

If Google is certainly set to choose up HTC’s smartphone division it could not be the primary time it’s swooped in to strive to salvage one among its Android OEMs. The firm acquired Motorola Mobility in 2011, shelling out $12.5BN on the acquisition. Then in 2014 it offered the division to Lenovo for $2.91BN — holding on to “the vast majority” of Motorola’s patent portfolio.

Smartphone leaker Evan Blass has tweeted that he’s been despatched a replica of an inside HTC invite for workers to a city corridor assembly tomorrow — which apparently contains “Google acquisition” as one of many subjects.

Blass says the identical supply additional claims the deal that the 2 firms have finalized will see Google purchase “certain hardware engineering assets” from HTC, whereas the latter retains its model — and can give attention to VR and the Vive.

We’ve reached out to Google for remark and can replace this put up with any response.

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