Google acquires HTC Pixel team, not HTC as a whole

Google acquires HTC Pixel team and gets some IPs too. HTC lives on..

So it happens that Google is not exactly buying HTC. They are buying some members of the HTC team that have worked on Pixel smartphones. Apparently, Google is convinced that they did an excellent job and can deliver on the next generation of Pixel devices.

Google acquires HTC Pixel team

Breakdown Of The Google-HTC Deal

The deal also gives Google access to HTC IP through Non-Exclusive Licensing Agreement. The deal should be completed by 2018 after regulatory approvals have been granted. An excerpt from HTC’s official statement:

Google and HTC Corporation today announced a definitive agreement under which certain HTC employees – many of whom are already working with Google to develop Pixel smartphones – will join Google. HTC will receive US$1.1 billion in cash from Google as part of the transaction. Separately, Google will receive a non-exclusive license for HTC intellectual property (IP).

It looks like everybody wins in this. HTC gets $1.1billion, which should boost their chances of getting out of the red, Google gets a hardware team, HTC fans don’t get to cry over the death of their favourite brand, and Pixel fans can expect more of that good stuff they’ve been swearing by since the first Pixel smartphone hit the market. Hurray!

If you are able to decipher complicated press announcements, do head over to the Source. God knows I needed help to fully understand what it says.😛

Mister Mobility

I started blogging about mobile in 2004 as a fun way to share my passion for gadgets and mobile services. My other interests include digital media, speaking and teaching, photography, travelling, and dancing.

5 thoughts on “Google acquires HTC Pixel team, not HTC as a whole

  • September 21, 2017 at 12:39 pm
    Permalink

    Whenever I see such amounts being bandied around, I’m more convinced I’m in the wrong profession. Lol.

  • September 21, 2017 at 1:24 pm
    Permalink

    This is definitely a huge business between the two parties and so much to achieve for both of them too.

  • September 22, 2017 at 12:53 am
    Permalink

    Mergers and acquisitions. Survival of the fittest. Every company trying to outshine others and equally stay in business. Like you said HTC has what Google needs. It is very well welcomed so far they do this to make the world a better way to live.

  • September 22, 2017 at 12:56 am
    Permalink

    From another perspective. Mergers and acquisitions. Survival of the fittest. Every company trying to outshine others and equally stay in business.
    Like you wrote, HTC has what Google needs. It is very well welcomed so far they do this to make the world a nice stay for us.

  • September 22, 2017 at 1:04 am
    Permalink

    Sorry Mr Mo, I had a network challenge where I am now. I thought my first writeup didn’t go. That’s why I sent another one.

Leave a Reply

Advertisements
Advertisements