Google buys the intellectual property of htc for 1,100 million
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HTC and Google have officially announced that the two companies have reached an agreement that the second will pay HTC $ 1.1 billion in cash in exchange for some of its employees and will have access to HTC's intellectual property.
HTC Receives $ 1.1 Billion From Google In Exchange For Its Intellectual Property
Some HTC employees, many of whom are currently working with Google to develop Pixel phones, will join the internet giant's roster. Plus, you'll receive a non-exclusive license to HTC's intellectual property, giving you access to HTC's manufacturing patents and designs for your future Pixel devices.
Filtered the new Google Pixelbook with Pixelbook Pen
HTC has been a Google partner for a long time and has created some of the most beautiful and premium devices on the market. We're excited and can't wait to welcome HTC team members who will join Google to drive innovation and future product development in consumer hardware. - Rick Osterlog, Senior Vice President, Hardware, Google
The transaction will help HTC excel with its next flagship smartphone and continue to expand its VIVE VR platform, in turn demonstrating Mountain View's commitment to the future of the Pixel line. The transaction also introduces Google to a new technology hub in HTC's home country of Taiwan.
This is a big step towards consolidating your foundation of building your own hardware and a strong first step in 2018 for HTC.
source: gsmarena
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