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RumorTT: Lenovo secretly meeting with HTC over an acquisition talks

RumorTT: HTC to be acquired by Lenovo, who would take over the HTC brand (TPE:2498, HKG:0992)

| Business, Financial & Legal News | Posted: Oct 9, 2013 12:30 pm

We've been all over the problems that HTC has been having lately, but it looks like it could be saved with a rumored acquisition from a much bigger giant: Lenovo. Lenovo has been here, done that, with acquisitions, when it acquired the ThinkPad brand from IBM.

 

TweakTown image news/3/3/33364_03_rumortt_lenovo_secretly_meeting_with_htc_over_an_acquisition_talks.jpg

 

The reports state that Lenovo would acquire HTC's brand, pushing out devices under the HTC name still. Korean publication, eToday, has reported the news, saying that executives from both camps have been meeting since late August. This would make sense, as to why HTC doesn't seem so worried to continuously slide lower and lower in terms of profits.

 

Lenovo is quite strong in China with its smartphones, so an acquisition of an already great smartphone maker would definitely make sense. Especially in those super hot emerging markets where there are billions upon billions of dollars to be made.

NEWS SOURCES:Androidbeat.com

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