Google plans to buy back HTC

Negotiations between Google and HTC is already on sovershennoi stage.

Google plans to buy part of the Taiwanese company HTC, which produces smartphones.

The takeover should help the Taiwanese company to solve the financial problems.So, in August revenue reached 13-year low, down more than 50% to 99.8 million dollars. The company is the ninth consecutive quarter of reported losses. The agreement with Google may be the last chance for HTC to stay afloat.

Negotiations between Google and HTC is already on sovershennoi stage, but details on the agreement yet.

Note that the estimated purchase Google HTC discussed in the network before. When can we expect the official announcement, the source said.

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