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Lenovo looks to acquire troubled smartphone manufacturer HTC

HTC and Lenovo have discussed a buyout that would see HTC's handset business being sold to Lenovo (TPE:2498, OTCMKTS:LNVGY)

| Business, Financial & Legal News | Posted: Oct 9, 2013 7:18 pm

With HTC reporting record losses,and Lenovo looking to beef up its smartphone offerings its only natural that acquisition talks begin taking place. Today, a Taiwan website is reporting that Lenovo has approached HTC in an attempt to begin talks involving acquiring the company's handset business.

 

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The meeting is said to have taken place in late August and that a buy-out was considered. While this move may seem beneficial to many industry analyst, I feel that a turnaround is pending for the once king of Android smartphones. With devices like the HTC One being named as the best smartphone ever made by many of the biggest names in tech media, the company just needs to keep the momentum going by releasing new and exciting products.

NEWS SOURCES:Electronista.com

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