Google has announced that it has officially acquired part of HTC’s mobile team for the hefty sum of $1.1 billion dollars.
Google’s October 4th event might only be a few days away, yet the company has already let the cat out of the bag that might well affect its future hardware offerings – as of today, the Mountain View company has officially acquired part of HTC’s mobile division for $1.1 billion USD.
Google’s hardware chief, Rick Osterloh, presided over the announcement, quipping that “These future fellow Googlers are amazing folks we’ve already been working with closely on the Pixel smartphone line, and we’re excited to see what we can do together as one team.”
The deal will see HTC retain some 2,000 research and design staffers, while Google will nix approximately 2,000 itself. Google further has inked deals pertaining to non-exclusive licenses for ‘HTC intellectual property’ – potentially the company’s Edge Sense feature which may debut on future Pixel smartphones as ‘Active Edge’.
Though the news will likely see Google substantially expand its hardware business beyond either Pixel devices, Pixelbooks, or other devices, HTC will continue on its merry way. HTC CEO Cher Wang commented that the agreement between his company and Google will see “ensure continued innovation within [HTC’s] smartphone and Vive virtual reality business.”
Of course, the last time Google acquired a smartphone company saw the firm take the reigns of Motorola – which the company owned for a short period of time before selling off those assets to Lenovo.
It remains to be seen exactly what Google has in store for its new acquisition – however, the company’s new focus on hardware would point to the fact that the firm is likely to become far more aggressive in its efforts and may even expand its products beyond the US.
What are your thoughts? Can we look forward to a brighter future for HTC’s smartphone businesses under Google? Be sure to let us know your opinion in the comments below!