Mobile News Technology

Google in talks to takeover HTC’s smartphone business

It seems HTC is now fully in danger of being consumed by a bigger tech company, everybody knows that HTC hasn’t been financially successful for awhile now – it did make great phones and there is no doubt in that.

But, in this case the rumors point to Google as the interested party which is going to take over HTC’s smartphone business.

Apparently talks are being held between Google and HTC about a possible acquisition of HTC’s smartphone business (leaving the Vive VR business) but the information is strictly unofficial and there are no specific amounts mentioned.

The news is made plausible for two reasons:

First, Google needs a hardware manufacturing arm for its Pixel smartphones.

Second, HTC has just suffered its worst financial month in 13 years, this August 2017 saw a year over year decline in revenue of 54% and a 51% decline over the previous month.

And rumor has it that this time LG is going to make the Pixel XL 2 smartphone, which would further decrease HTC’s profits as HTC made the first generation Pixel phones – Pixel and Pixel XL.

It remains to be seen if Google is interested in buying HTC’s smartphone business but the topic brings back flashbacks of the time Google paid big money for Motorola’s smartphone business and sold it for much less just 2 years later. We don’t want the same thing to happen to HTC.

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