ASUS has reportedly shown interest in purchasing smartphone maker HTC, as the company's difficulties are only mounting even more.
The Taiwanese smartphone manufacturer has slashed its sale forecast up to 35 percent, with its stock value dropping almost 20 percent combined over two days earlier in the week. If a company wants to swoop in and snag HTC, it would seem like now might be the right time to consider takeover attempts.
"Our chairman has chatted about the topic internally," said David Chang, Chief Financial Officer at Asustek, in a statement to Reuters. "Still, the chances of an actual takeover are not big as Asustek is a company that has depended on organic growth."
Last updated: Apr 6, 2020 at 08:34 pm CDT
- > NEXT STORY: Report: Apple Watch and wearables just aren't impressing consumers
- < PREVIOUS STORY: Ross Ulbricht appealing life sentence, but does he stand a chance?