Chris Ratcliffe/Bloomberg
Looks like Google might be thinking about getting back in the hardware business. This time, it’s being reported that Google is closing a deal with HTC to acquire the Taiwanese company’s hardware engineering assets, focusing on mobile. HTC is reportedly holding a town hall meeting on Thursday and if there’s truth to that, they might be discussing this deal. Not much is known at this point about which parts of HTC’s business Google plans to acquire. The Verge speculates they might leave the HTC brand for the company’s Vive and virtual reality business to use. As Evan Blass tweets, HTC is retaining its brand.
HTC has announced it was temporarily halting trading of its shares on the Taiwan stock exchange tomorrow because of the release of “material information,” which signals the announcement of something big.
Source: Bloomberg