Google is all set to acquire HTC by this weekend for $1.6 billion and is said to make an official announcement by tomorrow. And as a first step to complete the deal, HTC is said to have suspended trading of its stock on the TWSE from September 21st, 2017.
But the mobile manufacturer is yet to make an official announcement on this issue and is said to release material information pertaining to the business merger after Thursday.
HTC which is a Taiwanese electronics maker has been suffering losses in every quarter since 2013. And despite management shuffle, portfolio trimming, and even pushing into a new product category called Virtual Reality VIVE, nothing much has changed when it comes to HTC’s profit scale.
In May this year, media reports in Asia linked Google’s parent company Alphabet with a possible acquisition of HTC’s mobile business.
Very recently, sources reporting to Cybersecurity Insiders learned that the manufacturing of Google Pixel 2 was awarded to HTC. And Pixel 2 is said to arrive in Kinda Blue, Just Black, and Clearly White Colors. It will be sold in 64GB and 128GB versions and might be priced in the range of $899-$999.
Google is all set to sell its Pixel 2 on par with Apple iPhone X and has assured that its Mobile security feature i.e Google Protect will play a vital part in winning the trust of Android customers who are craving for a mobile with a secure and safe interface.
According to a news post published in China Times, HTC and Google are said to go into a strategic partnership where the latter will act as an investor and the former as a profit scalar.
Remember Google acquired Motorola division in 2011 which was one of the top OEMs in its list, shelling out $12.5 billion on the purchase. Then the Internet Juggernaut decided to sell the division to Lenovo in 2014 for $2.91 billion- holding a vast majority of Motorola’s patent portfolio.
Industry experts say that an outright acquisition of HTC could position Google in a better position to absorb the former’s manufacturing facilities into its own hardware unit.
Note- Microsoft made a fallacious move by purchasing Nokia. The objective of the deal was to promote Windows mobile OS through a new range of Nokia smartphones. But the move couldn’t materialize and Microsoft witnessed losses from the deal. Then it decided to include Google’s Android Operating system on Nokia’s Smart Phones. But due to high price point and incompetence with other manufacturers, Microsoft is said to be still witnessing losses from a sales point of view of Nokia’s smartphones loaded with the latest Android Nougat OS.
