Home » General World News » Google acquires HTC team in $1.1 billion agreement to beef up hardware division (GOOG, GOOGL)

Google acquires HTC team in $1.1 billion agreement to beef up hardware division (GOOG, GOOGL)





Sundar Pichai

Google has signed a $1.1 billion dollar cooperation agreement with HTC, the technology company said in a statement on Thursday, after trading of HTC shares were halted on Taiwan’s stock exchange before the announcement.

The move, first rumored earlier this month and then re-emerged this week, is the search giant’s latest attempt to juice up its growing hardware division.

Google hardware exec Rick Osterloh said in a statement: “With this agreement, a team of HTC talent will join Google as part of the hardware organization.”

“These future fellow Googlers are amazing folks we’ve already been working with closely on read more >>>

Source:: BusinessInsider.Com

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