The China Post
Date: September 21, 2017
By: The China Post

TAIPEI – Taiwan-based tech company HTC announced Thursday that it has sold part

Taiwan-based tech company HTC announced Thursday that it has sold part of its mobile division team and related patents to Google for US$1.1 billion.

of its mobile division team and related patents to Google for US$1.1 billion.
In what amounts to an acquihire for the U.S. tech giant, the deal will put around 2,000 HTC R&D employers on Google’s payroll.

“With this agreement, a team of HTC talent will join Google as part of the hardware organization,” Google’s hardware chief Rick Osterloh said in a blog post. “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 also includes a non-exclusive license for HTC intellectual property.”    [FULL  STORY]