A new report claims that Google is in the final stages of an acquisition of all or part of the smartphone maker, HTC.
Taiwanese news outlet, Commercial Times, revealed the news, following up on a previous story that suggested Taiwan-based HTC was interested in a sale. Despite once being one of the more popular smartphone makers in the United States, HTC has suffered from several consecutive unsuccessful smartphone launches. It recently started a separate division that sells virtual reality headsets.
While CBNC is skeptical about the news report, it does note that Google could be interested in HTC because it builds the Google Pixel and would be a good fit for company, as it continues to service to consumers with its “Pixel” smartphone brand.
In addition, Commercial Times said HTC’s poor financial position and Google’s desire to “perfect [the] integration of software, content, hardware, network, cloud [and] AI” is the driving force behind Google’s interest in an acquisition. The news outlet said Google may make a “strategic investment” or “buy HTC’s smartphone R&D team” so that the [virtual reality] team would exist as its own.
Full Content: PYMNTS
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Judge Mehta Questions Both Sides in Landmark Google Antitrust Case
May 2, 2024 by
CPI
FCC Urges Urgent Funding for Removal of Chinese Telecom Equipment from U.S. Networks
May 2, 2024 by
CPI
Former Pioneer CEO Facing Potential Criminal Charges For Colluding With OPEC
May 2, 2024 by
CPI
South Korea’s Antitrust Regulator Greenlights K-Pop Powerhouse Deal
May 2, 2024 by
CPI
Exxon’s Pioneer Purchase Approved, Former CEO Barred from Board
May 2, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI