HTC stock suspension adds fuel to Google acquisition rumors

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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 at the TWSE the next day to come, forward of what it says shall be the discharge of “material information” pertaining to its trade. The information used to be reported previous by way of the FT. 

The transfer has spiked hypothesis a couple of attainable sale of HTC’s cellular department, with the Taiwanese tool maker suffering for years to take a look at to flip round its fortunes within the fiercely aggressive smartphone marketplace.

In fresh years loss-making quarters have turn out to be the norm for HTC, which posted its first ever loss making quarter in Q3 2013. And in spite of control adjustments, portfolio trimming or even pushing into a brand new product class (VR, by means of a partnership with video games writer Valve) it’s been not able to pull its trade out of an extended slide.

Media experiences in Asia have just lately related Google’s mother or father corporate Alphabet with a imaginable acquisition of HTC’s cellular trade. And a word on HTC’s investor site references hypothesis within the China Times that “HTC might announce the sale to Google” — happening to specify its “countermeasure” to this file is to state: “HTC does not comment on market rumor or speculation”.

If Google is certainly set to select up HTC’s smartphone department it could no longer be the primary time it’s swooped in to take a look at to salvage considered one of its Android OEMs. The corporate bought Motorola Mobility in 2011, dishing out $12.5BN at the acquire. Then in 2014 it bought the department to Lenovo for $2.91BN — preserving 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 interior HTC invite for staff to a the city corridor assembly the next day to come — which it appears comprises “Google acquisition” as probably the most subjects.

Blass says the similar supply additional claims the deal that the 2 firms have finalized will see Google gain “certain hardware engineering assets” from HTC, whilst the latter keeps its logo — and can center of attention on VR and the Vive.

We’ve reached out to Google for remark and can replace this submit with any reaction.

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