Google buys part of HTC biz for $1.1 bn

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Google buys part of HTC biz for $1.1 bn

Published : Sep 24, 2017, 2:01 pm IST
Updated : Sep 24, 2017, 2:01 pm IST

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New Delhi: Tech giant Google today said it has signed an agreement with HTC to buy part of the Taiwanese company’s smartphone business for $1.1 billion.

The deal includes HTC employees who worked on Google’s Pixel smartphone and intellectual property rights, the two companies said, without disclosing the number of staff involved.

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“Google will receive a non-exclusive licence for HTC intellectual property (IP),” the statement said.

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This agreement will help HTC to focus on enabling a more streamlined product portfolio, greater operational efficiency and financial flexibility. — PTI

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