HTC - Google acquire 4000 employees

Time: Thursday Sep 21, 2017

Place: Mountain View, California, U.S.

Details: On 21 September 2017, Google announced that it would acquire roughly half of the 4,000 employees who worked in HTC's design and research staff, and non-exclusive licenses to smartphone-related intellectual property held by HTC, for US$1.1 billion. The employees included the team involved with Google's Pixel smartphone, which was manufactured by HTC. Google stated that the purchase was part of its efforts to bolster its first-party hardware business. The transaction was completed on 30 January 2018; while HTC will continue to produce its own smartphones, the company has stated that it planned to increase its focus on the Internet of Things (IoT) and virtual reality going forward.

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