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HTC stock suspension adds fuel to Google acquisition rumors


htc stock suspension adds fuel to google acquisition rumors - HTC stock suspension adds fuel to Google acquisition rumors

HTC is to suspend purchasing and promoting of its stock on the TWSE tomorrow, ahead of what it says will be the release of “material information” pertaining to its industry. The knowledge used to be reported earlier throughout the FT. 

The switch has spiked speculation a few attainable sale of HTC’s mobile division, with the Taiwanese device maker struggling for years to take a look at to turn spherical its fortunes throughout the fiercely competitive smartphone market.

In contemporary years loss-making quarters have change into the norm for HTC, which posted its first ever loss making quarter in Q3 2013. And regardless of keep an eye on changes, portfolio trimming and even pushing into a brand spanking new product magnificence (VR, by the use of a partnership with video video games author Valve) it is been no longer ready to pull its industry out of a longer slide.

Media research in Asia have in recent times attached Google’s guardian company Alphabet with a possible acquisition of HTC’s mobile industry. And a understand on HTC’s investor internet web page references speculation throughout the China Times that “HTC might announce the sale to Google” — taking place to specify its “countermeasure” to this record is to state: “HTC does not comment on market rumor or speculation”.

If Google is indubitably set to make a selection up HTC’s smartphone division it will no longer be the main time it’s swooped in to take a look at to salvage one in every of its Android OEMs. The company gained Motorola Mobility in 2011, dispensing $12.5BN on the achieve. Then in 2014 it purchased the dept to Lenovo for $2.91BN — holding on to “the vast majority” of Motorola’s patent portfolio.

Smartphone leaker Evan Blass has tweeted that he’s been sent a replica of an internal HTC invite for workforce to a the town hall meeting tomorrow — which it kind of feels that accommodates “Google acquisition” as one of the crucial an important topics.

Blass says the identical provide further claims the deal that the two companies have finalized will see Google succeed in “certain hardware engineering assets” from HTC, while the latter helps to keep its emblem — and will focal point on VR and the Vive.

We’ve reached out to Google for observation and will exchange this submit with any response.

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