Google purchased shares of smartphone maker HTC

Both sides hope to close the deal in early 2018.

Google announced the purchase of part of the smartphone business HTC, which was produced for the search giant smartphones Pixel.

It is noted that this agreement is not a purchase, how many kind of “cooperation agreement”.

The fact that Google hires a team HTC, about 2,000 mobile units, most of which already make phones Google Pixel. These employees will remain in Taipei, Taiwan where the headquarters of HTC, but they’ll be Google employees. In addition to the workers, Google received the right to use certain patents of the company HTC.

For the Taiwanese company, the deal also required in connection with the financial problems that arose due to weak smartphone sales. At the same time, Google receives engineers who will help to integrate smart phones Pixel software from the search giant. Thus, for many engineers the HTC transaction was just a change of signs – they will work on the same machines.

Both sides hope to close the deal in early 2018. Even after the process is complete, HTC will continue to make their own phones, and virtual reality helmets Vive VR.

Note that in 2012, the search engine bought the Motorola business on production of mobile phones. The acquisition of Motorola Mobility cost Google $12.5 billion. And in early 2014 the business was sold to the Chinese Lenovo for less money.

© 2017 – 2019, paradox. All rights reserved.