WSJ – Google Jumps Back Into Hardware With $1.1 Billion HTC Deal

Given HTC’s reported market cap ($1.9 B), Google seems to have acquired large majority of its business.

September 20, 2017

‘Alphabet Inc.’s Google said it would buy part of struggling Taiwanese smartphone maker HTC Corp. for $1.1 billion in cash, as it accelerates its efforts to crack the handset market.

Google said an HTC team that helped develop Google’s flagship Pixel smartphone will join the company. The Mountain View, Calif., company will also get a nonexclusive license to HTC intellectual property.

HTC was hired by Google to be the contract manufacturer for the Pixel, a high-end smartphone that was launched last year, in part to better compete with Apple Inc.’

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