Google purchases HTC's Pixel team for US $1.1 billion
By Gadjo Cardenas Sevilla
After weeks of speculation that Google would purchase HTC's smartphone business, we finally learn that the search giant has bought the Pixel team from HTC for $1.1 billion, while HTC will continue its own smartphone business.
The team in question was the R&D team behind last year's Pixel and Pixel XL. This means around 2,000 people will move to Google. According to the agreement this grants Google a non-exclusive license for HTC's intellectual property. The deal is expected to be approved and closed by early 2018.