Google buys HTC's mobile division for $1.1 billion

Google teams with HTC on hardware, buys their mobile division for $1.1 billion.

@anthony256
Published Wed, Sep 20 2017 9:34 PM CDT   |   Updated Tue, Nov 3 2020 11:54 AM CST

Google has just announced it has acquired HTC's mobile division in a deal worth $1.1 billion, which was expected after HTC announced it would briefly halt trading on the Taiwan stock exchange ahead of "material information" that was coming today.

Google buys HTC's mobile division for $1.1 billion | TweakTown.com

Google hardware boss, Rich Osterloh, said about the deal: "These future fellow Googlers are amazing folks we've already been working with closely on the Pixel smartphone line, and we're excited to see what we can do together as one team. The deal also includes a non-exclusive license for HTC intellectual property".

HTC made both the Pixel and Pixel XL smartphone for Google last year, with the Taiwanese smartphone maker being a silent contractor. Google marketed the smartphones as if they were their own, without mentioning HTC. But this new deal means Google can better compete, very directly, against Samsung, Apple, LG, Huawei, and others that are industry heavyweights.

HTC has made the upcoming Pixel 2 smartphone, but the larger Pixel XL 2 was manufactured by LG.

NEWS SOURCE:theverge.com

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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